800.883.8290PROPERTY:
Linda Lane, Temple Hills, MD 20748
DESCRIPTION:
- Purchase price is $116,000 and construction costs are $60,000.
- Cash to close is $30,000
- Holding $60,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing – prior client.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $150,000 1st Mortgage |
| Value of Subject Property: | $265,000 |
| Loan to Value: | 57% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 697 |
