800.883.8290PROPERTY:
Dauntly St, Upper Marlboro, MD 20774
DESCRIPTION:
- Purchase price is $120,000 and construction costs are $80,000.
- Cash to close is $22,000
- Holding $80,000 of the funds which will be reimbursed upon completion of project
- Experienced borrower.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $195,000 1st Mortgage |
| Value of Subject Property: | $340,000 |
| Loan to Value: | 58% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 746 |
