800.883.8290PROPERTY:
Nicholas Rd, Waldorf, MD 20601
DESCRIPTION:
- Purchase price is $145,000 and construction costs are $50,000.
- Cash to close is $50,000
- Holding $40,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $160,000 1st Mortgage |
| Value of Subject Property: | $260,000 |
| Loan to Value: | 62% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 704/534 |
