800.883.8290PROPERTY:
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 |
