PROPERTY:

Booker Dr, Capitol Heights,  MD 20743

DESCRIPTION:

  • Purchase price is $88,500 and construction costs are $12,000.
  • Cash to close is $7,500
  • Holding $12,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; prior client

 

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $95,000 1st Mortgage
Value of Subject Property: $176,000
Loan to Value: 54%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 816