800.883.8290PROPERTY:
Brentwood Rd, Philadelphia, PA 19151
DESCRIPTION:
- Purchase price is $71,000 and construction costs are $16,000.
- Cash to close is $14,500
- Holding $16,000 of the funds which will be reimbursed upon completion of project
- Experienced borrower.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $87,000 1st Mortgage |
| Value of Subject Property: | $140,000 |
| Loan to Value: | 64% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 747 |
