PROPERTY:

68th Ave, Hyattsville,   MD 20784

DESCRIPTION:

  • Cash out refinance with construction costs of $20,000 being held back.
  • Cash back at closing of $39,000
  • Holding $20,000 of the funds which will be reimbursed upon completion of project

 

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $135,000 1st Mortgage
Value of Subject Property: 250,000
Loan to Value: 54%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 468/621