PROPERTY: 

Buckingham Dr.,  Bowie, MD   20715

 

DESCRIPTION:

  • Purchase price is $220,794 and construction costs are $15,000.
  • Cash to close is $35,000
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; prior client with portfolio of rental and rehab homes

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $220,000 1st Mortgage
Value of Subject Property: $325,000
Loan to Value: 68%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 723/668