PROPERTY:

Griffen St, Hyattsville,   MD 20783

DESCRIPTION:

  • Cash out refinance with construction costs of $75,000 being held back.
  • Cash back at closing of $59,000
  • Holding $75,000 of the funds which will be reimbursed upon completion of project

 

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $150,000 1st Mortgage
Value of Subject Property: 400,000
Loan to Value: 38%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 654