800.883.8290PROPERTY:
E Indian Spring Dr, Silver Spring, MD 20901
DESCRIPTION:
- Purchase price is $266,774 and construction costs are $35,000.
- Cash to close is $67,000
- Holding $35,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; prior client w/ portfolio of rehabbed homes.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $260,000 1st Mortgage |
| Value of Subject Property: | $400,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 683 |
