800.883.8290PROPERTY:
Gerard Dr, Glen Burnie, MD 21060
DESCRIPTION:
- Purchase price is $120,000 and construction costs are $70,000.
- Cash to close is $24,000
- Holding $70,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing. Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $180,000 1st Mortgage |
| Value of Subject Property: | $270,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 733 |
