PROPERTY:

Woodbury Dr, Silver Spring, MD 20910

DESCRIPTION:

  • Purchase price is $272,000 and construction costs are $80,000.
  • Cash to close is $52,000
  • Holding $80,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $325,000 1st Mortgage
Value of Subject Property: $480,000
Loan to Value: 68%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 667