800.883.8290PROPERTY:
Campus Way, Upper Marlboro, MD 20774
DESCRIPTION
- Purchase price is $82,500 and construction costs are $30,000.
- Cash to close is $29,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Borrower is an experienced real estate agent.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $95,000 1st Mortgage |
| Value of Subject Property: | $165,000 |
| Loan to Value: | 58% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 673 |
