800.883.8290PROPERTY:
Wildflower, LaPlata, MD 20646
DESCRIPTION:
- Purchase price is $237,500 and construction costs are $20,000.
- Cash to close is $81,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, repeat borrower.
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $210,000 1st Mortgage |
| Value of Subject Property: | $325,000 |
| Loan to Value: | 65% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 630 |
