PROPERTY:

Elm St, Shady Side, MD 20764

DESCRIPTION:

  • Purchase price is $96,600
  • Loan Amount is $130,000
  • Construction Holdback $50,000
  • Cash to close is $31,500

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $130,000 1st Mortgage
Value of Subject Property: $251,000
Loan to Value: 52%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 595 / 505