800.883.8290PROPERTY:
Springwoods Dr, Woodbridge, VA 22192
DESCRIPTION:
- Purchase price is $158,000 and construction costs are $20,000.
- Cash to close is $53,000.
- Holding $20,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $140,000 1st Mortgage |
| Value of Subject Property: | $220,000 |
| Loan to Value: | 64% |
| Term requested: | Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 630 |
