800.883.8290PROPERTY:
Seattle Ln, Hyattsville, MD 20785
DESCRIPTION:
- Purchase price is $95,000 and construction costs are $10,000.
- Cash to close is $17,000
- Holding $10,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing;
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $100,000 1st Mortgage |
| Value of Subject Property: | $165,000 |
| Loan to Value: | 61% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 554 / 641 /639 |
