PROPERTY: 

Downs Sq, Belcamp, MD  21017

DESCRIPTION:

  • Purchase price is $90,000 and construction costs are $15,000.
  • Cash to close is $20,000.
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Prior client

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $95,000 1st Mortgage
Value of Subject Property: $165,000
Loan to Value: 58%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  712