800.883.8290PROPERTY:
Tyler St, Glenarden, MD 20706
DESCRIPTION:
- Purchase price is $128,000 and construction costs are $40,000.
- Cash to close is $36,000
- Holding $40,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $140,000 1st Mortgage |
| Value of Subject Property: | $225,000 |
| Loan to Value: | 62% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 720 |
