PROPERTY: 

Meadowvale Rd, Glen Burnie,  MD   21060

 

DESCRIPTION:

  • Cash out refi of F & C property purchased for $120,000 in 11/2014.
  • Cash back at close is $62,000
  • Experience in rehabbing and home-building

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $70,000 1st Mortgage
Value of Subject Property: $250,000
Loan to Value: 28%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  776