800.883.8290PROPERTY:
Indian Head Ave, Indian Head, MD 20640
DESCRIPTION:
- Purchase price is $68,250 and construction costs are $18,000.
- Cash to close is $19,000.
- Holding $18,000 of the funds which will be reimbursed upon completion of project
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: | Resale |
| Credit Score | 574 |
