PROPERTY:

Spesutia Rd, Aberdeen, MD 21001

DESCRIPTION:

  • Purchase price is $69,000 and construction costs are $6,000.
  • Cash to close is $0
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction JV
Loan Amount: $82,000 1st Mortgage
Value of Subject Property: $140,000
Loan to Value: 59%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 664