800.883.8290PROPERTY:
Proctor Ave, Glen Burnie, MD 21061
DESCRIPTION:
- Purchase price is $165,000 and construction costs are $20,000.
- Cash to close is $26,000.
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Very experienced builder.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $175,000 1st Mortgage |
| Value of Subject Property: | $270,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 716 / 633 |
