800.883.8290PROPERTY:
Lacona St., Forestville, MD 20747
DESCRIPTION:
- Purchase price is $101,664 and construction costs are $15,000.
- Cash to close is $20,000
- Holding $15,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; prior client with portfolio of rental and rehab homes
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $110,000 1st Mortgage |
| Value of Subject Property: | $170,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 723/668 |
