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