PROPERTY:

Madison St, Riverdale,   MD 20737

DESCRIPTION:

  • Refinance of property purchased  in May 2015 for $113,000.
  • Holding $30,000 of the funds which will be reimbursed upon completion of project

 

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $130,000 1st Mortgage
Value of Subject Property: 230,000
Loan to Value: 57%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 621