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