PROPERTY: Dateleaf Ave,  Capital Heights, MD   20743

 

DESCRIPTION:

  • Cash out refi of property owned for  3 years w/ rehab started.
  • Constructions costs are $25,000
  • Holding $25,000 which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $60,000 1st Mortgage
Value of Subject Property: $180,000
Loan to Value: 33%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 626/ 682/ 489/535