PROPERTY:

Staples St, Washington, DC 20002

DESCRIPTION:

  • Purchase price is $450,00.
  • Cash to close is $128,000.
  • Borrower has experience in rehab and wholesaling.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $350,000 1st Mortgage
Value of Subject Property: $675,000
Loan to Value: 52%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  694 / 672