PROPERTY:
Sansbury Rd, Upper Marlboro, MD 20774
DESCRIPTION:
- Purchase price is $85,000 and construction costs are $30,000.
- Cash to close is $22,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
Loan Type: | Purchase Construction |
Loan Amount: | $105,000 1st Mortgage |
Value of Subject Property: | $200,000 |
Loan to Value: | 53% |
Term requested: | 9 Month Balloon |
Exit Strategy: | Resell property |
Credit Score | 623 |