PROPERTY:

E Irvin Ave, Hagerstown, MD 21742

DESCRIPTION:

  • Purchase price is $117,500 and construction costs are $55,000.
  • Cash to close is $48,500
  • Holding $55,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing / 20 years of investing experience

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $60,000 1st Mortgage
Value of Subject Property: $110,000
Loan to Value: 56%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 651