PROPERTY: 

Solomons Island Rd, Harwood, MD   20776

DESCRIPTION:

  • Purchase price is $1,000,000.
  • Cash to close is $450,000.
  • Borrower is purchasing the property to lease it out for a non-profit organization.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $600,000 1st Mortgage
Value of Subject Property: $1,000,000
Loan to Value: 60%
Term requested: 12  Month Balloon
Exit Strategy: Bank Refi
Credit Score  536