800.883.8290PROPERTY:
Sharon Rd Temple Hills, MD 20748
DESCRIPTION:
- Purchase price is $154,000 and construction costs are $25,000.
- Cash to close is $26,000.
- Holding $25,000 of the funds which will be reimbursed upon completion of project
- Prior client. Very experienced.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $170,000 1st Mortgage |
| Value of Subject Property: | $275,000 |
| Loan to Value: | 62% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 723 / 668 |
