800.883.8290PROPERTY:
Marshy Creek Rd, Grasonville, MD 21638
DESCRIPTION:
- Purchase price is $63,000 and construction costs are $20,000.
- Cash to close is $14,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing and home-building.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $80,000 1st Mortgage |
| Value of Subject Property: | $125,000 |
| Loan to Value: | 64% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 584/ 742 |
