PROPERTY:

Castle Rock Ct, Clinton, MD 20735

DESCRIPTION:

  • Purchase price is $180,000 and construction costs are $15,000.
  • Cash to close is $29,000
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; already has a buyer in place

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $185,000 1st Mortgage
Value of Subject Property: $280,000
Loan to Value: 66%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 633