PROPERTY:
Rose Quartz Ter, Capitol Heights, MD 20743
DESCRIPTION:
The Borrower is requesting a hard money loan to purchase and renovate a property. The purchase price is $116,000 and the property needs minimum rehab work.  The Borrower will be bringing about $25K to closing. She has good credit, cash and experience. We have done 1 successful deal for her in the past.
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $105,000 1st Mortgage |
| Value of Subject Property: | $180,000 |
| Loan to Value: | 58% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 711 |
HARD MONEY BANKERS COMMENTS:
The pros are:
The lender will have good collateral on an investment property in a good area. The Borrower is strong with experience, credit and assets.
The cons are:
The Borrowers exit strategy of selling could take longer than expected in this market.