PROPERTY: 

Seattle Ln, Hyattsville, MD 20785

DESCRIPTION:

  • Purchase price is $95,000 and construction costs are $10,000.
  • Cash to close is $17,000
  • Holding $10,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing;

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: $165,000
Loan to Value: 61%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 554 / 641 /639