800.883.8290PROPERTY:
Kentwood Ln, Woodbridge, VA 22193
DESCRIPTION:
- Purchase price is $190,000 and construction costs are $25,000.
- Cash to close is $69,000
- Holding $25,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $160,000 1st Mortgage |
| Value of Subject Property: | $250,000 |
| Loan to Value: | 64% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 624 / 681 |
