PROPERTY:

Clarksburg Sq, #304  Clarksburg, MD  20871

DESCRIPTION:

  • Purchase price is $137,000 auction property – no construction needed.
  • Cash to close is $66,000.
  • Experienced borrower.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $80,000 1st Mortgage
Value of Subject Property: $210,000 as is
Loan to Value: 39%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 770