800.883.8290PROPERTY:
Hobblebush Ct, Glenarden, MD 20706
DESCRIPTION:
- Purchase price is $147,644 and construction costs are $15,000.
- Cash to close is $30,000
- Holding $15,000 of the funds which will be reimbursed upon completion of project
- Prior client with portfolio of rental and rehabbed homes.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $150,000 1st Mortgage |
| Value of Subject Property: | $220,000 |
| Loan to Value: | 69% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 668 |
