PROPERTY:
Broach Ct, Annapolis, MD 21401
DESCRIPTION:
- Purchase price is $135,000 and construction costs are $10,000.
- Cash to close is $0
- Holding $10,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; Chris and Jason are guarantors
PROPOSED TERMS:
Loan Type: | Purchase Construction |
Loan Amount: | $155,000 1st Mortgage |
Value of Subject Property: | $230,000 |
Loan to Value: | 67% |
Term requested: | 12 Month Balloon |
Exit Strategy: | Resell property |
Credit Score | 720 |