PROPERTY:

Frederick Rd, Mount Airy, MD 21771

DESCRIPTION:

  • Purchase price is $410,000 / construction cost $100,000
  • Cash to close is $111,000
  • We are not financing their construction costs
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $340,000 1st Mortgage
Value of Subject Property: $650,000
Loan to Value: 52%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  811 / 699