800.883.8290PROPERTY:
Oxman Rd, Hyattsville, MD 20785
DESCRIPTION:
- Purchase price is $59,000 and construction costs are $10,000.
- Cash to close is $25,000
- Holding $10,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $55,000 1st Mortgage |
| Value of Subject Property: | $140,000 |
| Loan to Value: | 40% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 655 |
