800.883.8290PROPERTY:
Meadowridge Ct, Landover, MD 20785
DESCRIPTION:
- Purchase price is $140,000 and construction costs are $45,000.
- Cash to close is $17,000
- Holding $45,000 of the funds which will be reimbursed upon completion of project
- Experience in the renovation process. Past client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $185,000 1st Mortgage |
| Value of Subject Property: | $321,000 |
| Loan to Value: | 58% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 716 / 671 |
