PROPERTY:  Marlton Ct,  Severn, MD  21144

 

DESCRIPTION:

  • Purchase price is $46,500 and construction costs are $14,000.
  • Cash to close is $1,000
  • Holding $14,000 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: $65,000 1st Mortgage
Value of Subject Property: $95,000
Loan to Value: 69%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 720