PROPERTY:

Arcadia Ave,  Capitol Heights, MD 20743

DESCRIPTION:

  • Purchase price is $55,000 and construction costs are $65,000.
  • Cash to close is $40,000
  • Holding $65,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $90,000 1st Mortgage
Value of Subject Property: $170,000
Loan to Value: 53%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  820