800.883.8290PROPERTY:
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 |
