PROPERTY:

355 I St, SW Unit S-426  Washington, DC  20024

809 Delafield St, NE Washington, DC  20017

DESCRIPTION:

  • Cash out refinance with cross collateralization of 2 properties
  • Cash back at closing is $62,000
  • Experience in rehabbing / Past client

PROPOSED TERMS:

Loan Type: Refinance
Loan Amount: $70,000 1st Mortgage
Value of Subject Properties: $290,000$400,000
Loan to Value: low
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 699