800.883.8290PROPERTY:
Madonna Ln, Bowie, MD 20715
DESCRIPTION:
- Purchase price is $212,000 and construction costs are $30,000.
- Cash to close is $46,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Experience working on houses, but this is his first project.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $215,000 1st Mortgage |
| Value of Subject Property: | $330,000 |
| Loan to Value: | 66% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 660 |
