800.883.8290PROPERTY:
Kings Meade Way, Columbia, MD 21046
DESCRIPTION:
- Purchase price is $310,00 and construction costs are $25,000.
- Cash to close is 1,000
- Holding $25,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; prior client
PROPOSED TERMS:
| Loan Type: | Purchase Construction – JV |
| Loan Amount: | $315,000 1st Mortgage |
| Value of Subject Property: | $435,000 |
| Loan to Value: | 72% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 660 |
