800.883.8290Church St, Sykesville, MD 21784
DESCRIPTION:
- We are doing a bridge loan of a property property bought in 2014 that is to be listed for $340,000
- We currently have a first mortgage for $80,000.
- Cash back at closing is $72,000
- Experience in rehabbing and home-building, prior client
PROPOSED TERMS:
| Loan Type: | Refinance |
| Loan Amounts: | $80,000 1st Mortgage
$80,000 2nd Mortgage |
| Value of Subject Property: | $300,000 |
| Loan to Value :
Combined LTV: |
24%
48% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 776 |
