PROPERTY:

Skyline Ter, Suitland, MD 20746

DESCRIPTION:

  • Purchase price is $60,000
  • Loan Amount is $115,000
  • Construction Holdback $55,000
  • Cash to close is $11,500

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $115,000 1st Mortgage
Value of Subject Property: $230,000
Loan to Value: 50%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 696