800.883.8290PROPERTY:
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 |
