PROPERTY:

Tyburn St,  Temple Hills, MD   20748

DESCRIPTION:

  • Cash out refi of a F & C property which was bought in Nov 2014 for $128,000
  • Holding $25,000 of the funds which will be reimbursed upon completion of project
  • Has $225,000 in a business checking account.
  • Low Ltv

PROPOSED TERMS:

Loan Type: Cash Out Refinance
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: $248,000
Loan to Value: 41%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 662 / 577