PROPERTY:

Whiteholm Dr,  Upper Marlboro,  MD 20774

DESCRIPTION:

  • Purchase price is $223,00 and construction costs are $10,000.
  • Cash to close is $46,000
  • Holding $10,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $210,000 1st Mortgage
Value of Subject Property: $320,000
Loan to Value: 66%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 664