PROPERTY:

Hilltop Dr,  Brookhaven,  PA  19015

DESCRIPTION:

  • Purchase price is $61,000 and construction costs are $6,000.
  • Cash to close is $33,000
  • Holding $6,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $40,000 1st Mortgage
Value of Subject Property: $74,000
Loan to Value: 55%
Term requested: 9 Month Balloon
Exit Strategy: Bank refi
Credit Score  767