800.883.8290PROPERTY:
Addison Rd, Capitol Heights, MD20743
DESCRIPTION:
- Purchase price is $70,000 and construction costs are $55,000.
- Cash to close is $27,000
- Holding $55,000 of the funds which will be reimbursed upon completion of project
- Over 9 years experience w/ several rehabbed homes in the DC area.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $110,000 1st Mortgage |
| Value of Subject Property: | $170,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 572 / 619 |
