800.883.8290PROPERTY:
Dawn Ln, Temple Hills, MD 20748
DESCRIPTION:
- Purchase price is $63,000 and construction costs are $25,000.
- Cash to close is $14,000
- Holding $25,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $85,000 1st Mortgage |
| Value of Subject Property: | $130,000 |
| Loan to Value: | 66% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 716/748/655 |
