800.883.8290PROPERTY:
Black Walnut Ct, Silver Spring, MD 20906
DESCRIPTION:
- Purchase price is $329,000 and construction costs are $10,000.
- Cash to close is $162,000
- Holding $10,000 of the funds which will be reimbursed upon completion of project
- Has 7 yrs experience / wife is an experienced realtor.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $100,000 1st Mortgage |
| Value of Subject Property: | $290,000 |
| Loan to Value: | 35% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 728 |
