800.883.8290PROPERTY:
Merle Ct, Annapolis, MD 21401
DESCRIPTION:
- Purchase price is $145,000 and construction costs are $10,000.
- Cash to close is $0
- Holding $10,000 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: | $170,000 1st Mortgage |
| Value of Subject Property: | $210,000 |
| Loan to Value: | 81% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 720 |
