800.883.8290PROPERTY:
Old Westminster Pike, Westminster, MD 21157
DESCRIPTION:
- Purchase price is $143,000 and construction costs are $50,000.
- Cash to close is $63,000
- Holding $50,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $120,000 1st Mortgage |
| Value of Subject Property: | $225,000 |
| Loan to Value: | 53% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 672 |
