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 |