800.883.8290PROPERTY:
Durango Dr, Lusby, MD 20657
DESCRIPTION:
- Purchase price is $22,000 and construction costs are $65,000.
- Cash to close is $16,000
- Holding $65,000 of the funds which will be reimbursed upon completion of project
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $80,000 1st Mortgage |
| Value of Subject Property: | $130,000 |
| Loan to Value: | 62% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 781 |
