800.883.8290PROPERTY:
Steven Forest Rd, Columbia, MD 21045
DESCRIPTION:
- Purchase price is $270,000 and construction costs are $50,000.
- Cash to close is $70,000
- Holding $50,000 of the funds which will be reimbursed upon completion of project
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $270,000 1st Mortgage |
| Value of Subject Property: | $400,000 |
| Loan to Value: | 68% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 652 |
