PROPERTY: 

36th St, Brentwood, MD   20722

 

DESCRIPTION:

  • Cash out refi of property purchased for $50,000 in 1984.
  • Holding $40,000 of the funds which will be reimbursed upon completion of project
  • Cash back at close is $41,000.
  • Low LTV.

 

 

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: $300,000
Loan to Value: 34%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  717