PROPERTY:

Andover Ln, Frederick, MD  21702

DESCRIPTION:

  • Purchase price is $148,500.
  • Borrower is not doing a construction hold back.
  • Cash to close is $32,000.
  • Prior client.  Experienced real estate agent.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $130,000 1st Mortgage
Value of Subject Property: $200,000
Loan to Value: 65%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 635