PROPERTY:

Yardley Commons,   Yardley, PA  19067

DESCRIPTION:

  • Purchase price is $75,000 and construction costs are $15,000.
  • Cash to close is $11,000.
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing.

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $90,000 1st Mortgage
Value of Subject Property: $140,000
Loan to Value: 64%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 736