PROPERTY:

Havilland Pl,  Frederick,  MD 21702

 

DESCRIPTION:

  • Purchase price is $142,000.
  • Cash to close is $43,000
  • Not escrowing for renovations.
  • Borrower has experience with R/E investments.

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $215,000
Loan to Value: 51%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 635