800.883.8290PROPERTY:
Duel Pl, Capitol Heights, MD 20743
DESCRIPTION:
- Purchase price is $65,000 and construction costs are $25,000.
- Cash to close is $28,000
- Holding $25,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, we have done one successful deal with this borrower in the past.
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $75,000 1st Mortgage |
| Value of Subject Property: | $150,000 |
| Loan to Value: | 50% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 726 |
