PROPERTY:

Twinbrook Dr, Waldorf, MD 20603

DESCRIPTION:

  • Purchase price is $179,000 and construction costs are $50,000.
  • Cash to close is $57,000
  • Holding $50,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $190,000 1st Mortgage
Value of Subject Property: $290,000
Loan to Value: 66%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 748