PROPERTY:
Harrow Ct, Waldorf, MD 206002
DESCRIPTION:
- Purchase price is $185,000 and construction costs are $10,000
- Cash to close is $50,000
- Holding $10,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing. We have done 1 other successful deal with this Borrower
PROPOSED TERMS:
Loan Type: | Purchase |
Loan Amount: | $160,000 1st Mortgage |
Value of Subject Property: | $250,000 |
Loan to Value: | 64% |
Term requested: | 9 Month Balloon |
Exit Strategy: | Resell property |
Credit Score | 740 |