PROPERTY:

El Paso St, Hyattsville, MD 20785

DESCRIPTION:

  • Purchase price is $138,989 and construction costs are $15,000.
  • Cash to close is $23,500
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing, prior client

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $140,000 1st Mortgage
Value of Subject Property: $200,000
Loan to Value: 65%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 668