PROPERTY:

Wilson St, Pottstown,  PA  19464

DESCRIPTION:

  • Cash out refinance of house purchased in Nov 2014 with construction costs of $40,000.
  • Cash back at closing of $40,000
  • Holding $40,000 of the funds which will be reimbursed upon completion of project

 

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: 500,000
Loan to Value: 25%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 670 / 692