800.883.8290PROPERTY:
Tidewater Ct, Olney, MD 20832
DESCRIPTION:
- Purchase price is $150,000 and construction costs are $30,000.
- Cash to close is $53,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $140,000 1st Mortgage |
| Value of Subject Property: | $280,000 |
| Loan to Value: | 50% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Sell property |
| Credit Score | 806 |
