PROPERTY:

Kennedy St, NE, Washington, DC 20011

DESCRIPTION:

  • Purchase price is $260,000.
  • Cash to close is $28,000
  • Experienced borrower, we have done multiple successful deals for this borrower.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $250,000 1st Mortgage
Value of Subject Property: $360,000
Loan to Value: 70%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 730