800.883.8290PROPERTY:
McKinsey Rd, Severna Park, MD 21146
DESCRIPTION:
- Purchase price is $198,000 and construction costs are $20,000.
- Cash to close is $33,000.
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $200,000 1st Mortgage |
| Value of Subject Property: | $275,000 |
| Loan to Value: | 73% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 725 |
