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