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 |