PROPERTY:

Tandom Dr, Fort Washington, MD  20744

DESCRIPTION:

  • Purchase price is $150,000 and construction costs are $30,000.
  • Cash to close is $36,000
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $160,000 1st Mortgage
Value of Subject Property: $250,000
Loan to Value: 64%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 630