PROPERTY:

Allies Rd,  Suitland, MD  20746

DESCRIPTION:

  • The borrower paid $96,000 for the property in Nov 2015
  • We are doing an $80,000 bridge loan against this property so the borrower can use funds to update the property and sell it for the highest market value.

PROPOSED TERMS:

Loan Type: Refinance
Loan Amount: $80,000 1st Mortgage
Value of Subject Property: $240,000
Loan to Value: 33%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  729