PROPERTY: 

Bridle Path Dr, Waldorf,  MD  20601

DESCRIPTION:

• Purchase price is $132,300 and construction costs are $35,000.
• Cash to close is $26,000.
• Holding $35,000 of the funds which will be reimbursed upon completion of project
• Prior client with another loan that closed in March

PROPOSED TERMS:

Loan Type:	Purchase Construction
Loan Amount:	$160,000 1st Mortgage
Value of Subject Property:	$240,000
Loan to Value:	67%
Term requested:	12 Month Balloon
Exit Strategy:	Resale
Credit Score	574