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 |