PROPERTY: 

Lakeview Ave, Edgewater,   MD   21037

 

DESCRIPTION:

  • Purchase price is $141,400.
  • Cash to close is $42,000
  • Prior client, portfolio of rental / rehabbed homes.

 

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $170,000
Loan to Value: 65%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  710