800.883.8290PROPERTY:
Owens Rd, Oxon Hill, MD 20745
DESCRIPTION:
- Refinance of F & C property that was purchased for $110,000 in Jan 2015.
- Construction costs are $25,000.
- Holding $25,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; bringing cash to the table and has cash in the bank, low ltv
PROPOSED TERMS:
| Loan Type: | Refinance Construction |
| Loan Amount: | $60,000 1st Mortgage |
| Value of Subject Property: | $225,000 |
| Loan to Value: | 27% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 569 |
