PROPERTY:

Ruby Dr, Westminster, MD  21158

DESCRIPTION:

  • Purchase price is $141,000 and construction costs are $15,000.
  • Cash to close is $30,000
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing, substantial assets in the bank

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $140,000 1st Mortgage
Value of Subject Property: $215,000
Loan to Value: 65%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 626