800.883.8290PROPERTY:
Elders Hollow Dr, Bowie, MD 20721
DESCRIPTION:
- Purchase price is $153,500 and construction costs are $14,000.
- Cash to close is $21,000
- Holding $14,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; prior client
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $160,000 1st Mortgage |
| Value of Subject Property: | $220,000 |
| Loan to Value: | 73% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 816 |
