800.883.8290PROPERTY:
Locris Dr, Upper Marlboro, MD 20772
DESCRIPTION:
- Purchase price is $163,000 and construction costs are $50,000.
- Cash to close is $39,000.
- Holding $50,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $190,000 1st Mortgage |
| Value of Subject Property: | $300,000 |
| Loan to Value: | 64% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 764 |
