800.883.8290PROPERTY:
Race Rd, Elkridge, MD 21075
DESCRIPTION:
- Purchase price is $55,000 and construction costs are $110,000.
- Cash to close is $40,000.
- Holding $110,000 of the funds which will be reimbursed upon completion of project
- PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $140,000 1st Mortgage |
| Value of Subject Property: | $240,000 |
| Loan to Value: | 64% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score |
