PROPERTY:
Cedar Ave, Philadelphia, PA 19139
DESCRIPTION:
- Cash out refinance of property purchased on 7/30/2015 for $43,000.
- Holding $20,000 for construction.
- Cash back at closing is $10,000.
PROPOSED TERMS:
Loan Type: | Refinance Construction |
Loan Amount: | $40,000 1st Mortgage |
Value of Subject Property: | $135,000 |
Loan to Value: | 31% |
Term requested: | 9 Month Balloon |
Exit Strategy: | Sell Property |
Credit Score | 605 |