PROPERTY:

Pinefield Rd, Waldorf, MD  20601

DESCRIPTION:

  • Purchase price is $175,000 and construction costs are $50,000.
  • Cash to close is $81,500
  • Holding $50,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $160,000 1st Mortgage
Value of Subject Property: $250,000
Loan to Value: 64%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score brwr 547/ co brwr 734