PROPERTY:

Ross St, PA  19119

DESCRIPTION:

  • Purchase price is $46,000 and construction costs are $30,000.
  • Cash to close is $28,000.
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • PROPOSED TERMS:
Loan Type: Purchase Construction
Loan Amount: $55,000 1st Mortgage
Value of Subject Property: $100,000
Loan to Value: 55%
Term requested: 9 Month Balloon
Exit Strategy: Resale
Credit Score  692