PROPERTY:

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