PROPERTY:

Eagle St,  Capital Heights, MD   20743

DESCRIPTION:

  • Cash out refi of a F & C property which was bought in May 2014 for $63,000
  • Prior client with portfolio of rental and rehabbed homes.
  • Borrower already has a contract in place for exit strategy.

PROPOSED TERMS:

Loan Type: Cash Out Refinance
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: $150,000
Loan to Value: 67%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 723 / 730