PROPERTY:
Brockton Dr, Kingsville, MD 21087
DESCRIPTION:
- Purchase price is $241,200 and construction costs are $45,000.
- Cash to close is $31,500
- Holding $45,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; prior client
PROPOSED TERMS:
Loan Type: | Purchase Construction |
Loan Amount: | $275,000 1st Mortgage |
Value of Subject Property: | $425,000 |
Loan to Value: | 65% |
Term requested: | 12 Month Balloon |
Exit Strategy: | Resell property |
Credit Score | 652 / 640 |