800.883.8290PROPERTY:
S Swarthmore Ave, Ridley Park, PA 19078
DESCRIPTION:
- Purchase price is $64,000 and construction costs are $50,000.
- Cash to close is $43,000.
- Holding $50,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $80,000 1st Mortgage |
| Value of Subject Property: | $160,000 |
| Loan to Value: | 50% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 703 / 763 |
