PROPERTY:

West St, Annapolis,  MD 21401

DESCRIPTION:

  • Purchase price is $253,000.
  • Cash to close is $142,000
  • Loan will be used to acquire property and will be refinanced by their bank for a long term hold..

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $125,000 1st Mortgage
Value of Subject Property: $285,000
Loan to Value: 44%
Term requested: 12 Month Balloon
Exit Strategy: Refi property
Credit Score  699 / 705