800.883.8290PROPERTY:
Ruby Dr, Westminster, MD 21158
DESCRIPTION:
- Purchase price is $141,000 and construction costs are $15,000.
- Cash to close is $30,000
- Holding $15,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, substantial assets in the bank
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $140,000 1st Mortgage |
| Value of Subject Property: | $215,000 |
| Loan to Value: | 65% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 626 |
