800.883.8290PROPERTY:
Whiteholm Dr, Upper Marlboro, MD 20774
DESCRIPTION:
- Purchase price is $223,00 and construction costs are $10,000.
- Cash to close is $46,000
- Holding $10,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $210,000 1st Mortgage |
| Value of Subject Property: | $320,000 |
| Loan to Value: | 66% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 664 |
