PROPERTY: 

Wood Hollow Terr,  Fort Washington,  MD  20744

DESCRIPTION:

  • Purchase price is $113,000 and construction costs are $15,000.
  • Cash to close is $40,000.
  • Holding $15,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: $160,000
Loan to Value: 63%
Term requested: 12  Month Balloon
Exit Strategy: Resale
Credit Score  669