PROPERTY:

Addison Rd,  Capitol Heights, MD20743

DESCRIPTION:

  • Purchase price is $70,000 and construction costs are $55,000.
  • Cash to close is $27,000
  • Holding $55,000 of the funds which will be reimbursed upon completion of project
  • Over 9 years experience w/ several rehabbed homes in the DC area.

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $170,000
Loan to Value: 65%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 572 / 619