PROPERTY:

 F Pintail Pl, Waldorf, MD 20603

DESCRIPTION:

  • Purchase price is $199,000 with no construction costs
  • Cash to close is $94,000
  • Borrower is holding the property as a rental

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $120,000 1st Mortgage
Value of Subject Property: $210,000
Loan to Value: 57%
Term requested: 12 Month Balloon
Exit Strategy: Refinance and hold as rental
Credit Score 730