800.883.8290PROPERTY:
1111 Vinson St, Oxen Hill, MD 20745
DESCRIPTION:
- Purchase price is $112,000 and construction costs are $20,000.
- Cash to close is $31,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $115,000 1st Mortgage |
| Value of Subject Property: | $175,000 |
| Loan to Value: | 66% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 663 |
