PROPERTY:

Tolbut St,  Philadelphia, PA  19152

DESCRIPTION:

  • Purchase price is $97,500 and construction costs are $32,500.
  • Cash to close is $15,000
  • Holding $32,500 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

 

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $130,000 1st Mortgage
Value of Subject Property: $210,000
Loan to Value: 62%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 674