PROPERTY:

I ST, SW,  Washington, DC 20024

DESCRIPTION:

  • Cash out refi
  • Prior borrower who is a strong DC developer with a portfolio of rehabbed and rental units
  • Property currently has a stable, professional tenant

PROPOSED TERMS:

Loan Type: Cash Out Refinance
Loan Amount: $120,000 1st Mortgage
Value of Subject Property: $265,000
Loan to Value: 46%
Term requested: 9 Month Balloon
Exit Strategy: Refi property or payoff in cash
Credit Score 727