PROPERTY:

Beverly Dr, Joppa, MD  21085

DESCRIPTION:

  • Purchase price is $150,000 and construction costs are $40,000.
  • Cash to close is $14,000.
  • Holding $40,000 which will be reimbursed upon completion of the project.
  • Experience in rehabbing, prior client.
  • Prior client with portfolio of rental / rehabbed homes..

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $190,000 1st Mortgage
Value of Subject Property: $320,000
Loan to Value: 60%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 670 / 677