800.883.8290PROPERTY:
Carson Ave, Oxen Hill, MD 20745
DESCRIPTION:
- Purchase price is $110,00 and construction costs are $40,000.
- Cash to close is $44,000
- Holding $40,000 of the funds which will be reimbursed upon completion of project
- Referral from one of our best clients/ has prior rehab experience.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $120,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 60% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 726 |
