800.883.8290PROPERTY:
Fifth Ave, Lansdowne, MD 21227
DESCRIPTION:
- Purchase price is $52,000 and construction costs are $13,000.
- Cash to close is $0
- Holding $13,000 of the funds which will be reimbursed upon completion of project
- Experienced borrower. Jason and Chris are co-guarantors.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $72,000 1st Mortgage |
| Value of Subject Property: | $120,000 |
| Loan to Value: | 60% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Refinance and rented |
| Credit Score | 720 |
