800.883.8290PROPERTY:
Packard Ave, Glen Burnie, MD 21060
DESCRIPTION:
- Purchase price is $125,000 and construction costs are $70,000.
- Cash to close is $11,600
- Holding $70,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, prior client with portfolio of rehabbed homes.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $195,000 1st Mortgage |
| Value of Subject Property: | $280,000 |
| Loan to Value: | 70% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 700 |
