PROPERTY:

Marlborough St,  Philadelphia,  PA  19125

DESCRIPTION:

  • We are doing a $290,000 bridge loan against this property which is already rehabbed and listed at $465,000.
  • Property free and clear and proceeds will be used for other real estate projects
  • 2 month guaranteed interest payments
  • Very experienced developer

PROPOSED TERMS:

Loan Type: Refinance
Loan Amount: $290,000 1st Mortgage
Value of Subject Property: $450,000
Loan to Value: 64%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  665