PROPERTY:

Oxman Rd, Hyattsville, MD 20785

 

DESCRIPTION:

  • Purchase price is $59,000 and construction costs are $10,000.
  • Cash to close is $25,000
  • Holding $10,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $55,000 1st Mortgage
Value of Subject Property: $140,000
Loan to Value: 40%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 655