PROPERTY:

100th Ave Lanham, MD 20706

DESCRIPTION:

Purchase price is $115,000 and construction costs are $30,000.
Cash to close is $15,000
Holding $30,000 of the funds which will be reimbursed upon completion of project
Experience in rehabbing
PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $145,000 1st Mortgage
Value of Subject Property: $250,000
Loan to Value: 58%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 518