PROPERTY: 

Muncy Cir,  Landover,  MD  20785

DESCRIPTION:

  • Purchase price is $75,680 and construction costs are $45,000.
  • Cash to close is $48,000.
  • Holding $45,000 of the funds which will be reimbursed upon completion of project

 

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $80,000 1st Mortgage
Value of Subject Property: $141,000
Loan to Value: 57%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  559