800.883.8290PROPERTY:
Buttonwood Dr, Pilesgrove, NJ 08098
DESCRIPTION:
- Purchase price is $150,000 and construction costs are $16,000
- Cash to close is $26,000.
- Holding $16,000 of the funds which will be reimbursed upon completion of the project.
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $156,000 1st Mortgage |
| Value of Subject Property: | $255,000 |
| Loan to Value: | 62% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 674 |
