800.883.8290PROPERTY:
Trinidad Ave, NE Washington, DC 20002
DESCRIPTION:
- Purchase price is $375,000 and construction costs are $80,000.
- Cash to close is $110,000.
- Holding $80,000 of the funds which will be reimbursed upon completion of project
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $375,000 1st Mortgage |
| Value of Subject Property: | $650,000 |
| Loan to Value: | 63% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 679 |
