800.883.8290PROPERTY:
Kingsmark Ct, Abingdon, MD 21009
DESCRIPTION:
- Purchase price is $152,000 and construction costs are $20,000.
- Cash to close is $15,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; prior client; portfolio of rental and rehab units
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $170,000 1st Mortgage |
| Value of Subject Property: | $250,000 |
| Loan to Value: | 68% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 670/677 |
