PROPERTY:

Fairview Ave,  Willow Grove, PA 19090

cross collateral property – Conshohocken Ave, Philadelphia, PA  19131

DESCRIPTION:

  • We are doing a $75,000 bridge loan against the purchase of the new property and the  cross collateral property that was purchased for $85,000 in March 2015
  • Receiving $5,000 in seller help at closing.
  • Experienced borrower

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $75,000 1st Mortgage
Value of Subject Property:

Value of Collateral:

 $185,000

$50,000
Loan to Value: 35% combined
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 673