PROPERTY:

Oates St, Capitol Heights, MD  20743

DESCRIPTION:

  • Purchase price is $51,500 and construction costs are $35,000.
  • Cash to close is $17,000
  • Holding $35,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $80,000 1st Mortgage
Value of Subject Property: $160,000
Loan to Value: 50%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 605