800.883.8290PROPERTY:
Dutch Mill Rd, Randallstown, MD 21133
DESCRIPTION:
- Purchase price is $137,000 and construction costs are $25,000.
- Cash to close is $35,000.
- Holding $25,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $155,000 1st Mortgage |
| Value of Subject Property: | $240,000 |
| Loan to Value: | 55% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell |
| Credit Score | 695 |
