PROPERTY:
Georgia Ave, NW -Lot 37 ,Washington, DC 20011
DESCRIPTION:
- Purchase price is $263,000 and construction costs are $200,000.
- Cash to close is $27,600
- Holding $200,000 of the funds which will be reimbursed upon completion of project
- Extensive experience in rehabbing
PROPOSED TERMS:
Loan Type: | Purchase construction |
Loan Amount: | $463,000 1st Mortgage |
Value of Subject Property: | $750,000 |
Loan to Value: | 62% |
Term requested: | 12 month Balloon |
Exit Strategy: | Resell property |
Credit Score |