800.883.8290PROPERTY:
Mews Ct, Laurel, MD 20707
DESCRIPTION:
- Purchase price is $159,000 and construction costs are $10,000.
- Cash to close is $33,500
- Holding $10,000 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: | $225,000 |
| Loan to Value: | 67% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 816 |
