800.883.8290PROPERTY:
Buttonwood Dr, Pilesgrove, NJ
DESCRIPTION:
- Purchase price is $156,000 and construction costs are $16,000
- Cash to close is $32,000
- Holding $16,000 of the funds which will be reimbursed upon completion of project.
- Prior client with experience.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $156,000 1st Mortgage |
| Value of Subject Property: | $250,000 |
| Loan to Value: | 63% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 674 |
