PG-Duel

PROPERTY:

Duel Pl, Lanham, 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

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $60,000 1st Mortgage
Value of Subject Property: $150,000
Loan to Value: 50%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 726

 

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