PROPERTY:

Maryland Ave,  Bethesda, MD  20816

DESCRIPTION:

  • Purchase price is $738,00 and construction costs are $200,000.
  • Cash to close is $133,000
  • Holding $200,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $850,000 1st Mortgage
Value of Subject Property: $1,350,000
Loan to Value: 63%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 636