PROPERTY:

Wayne Ave, Silver Spring, MD  20910

DESCRIPTION:

  • Purchase price is $144,000 – bought at foreclosure
  • Borrower is not doing a construction hold back.
  • Cash to close is $29,000.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $125,000 1st Mortgage
Value of Subject Property: $260,000
Loan to Value: 48%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 774