800.883.8290PROPERTY:
Upshur St, NW Washington, DC 20011
DESCRIPTION:
- Cash out refinance of F/C lot loan that was subdivided from his primary residence he purchased in 2011
- We are not holding a construction escrow
- Experience in rehabbing / prior client.
- Funds to be used to rehab another property.
PROPOSED TERMS:
| Loan Type: | Refinance of Lot |
| Loan Amount: | $250,000 1st Mortgage |
| Value of Subject Property: | $606,000 |
| Loan to Value: | 41% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | payoff with proceeds of other property sales |
| Credit Score | 699 |
