800.883.8290PROPERTY:
Horseshoe Ln, Edgewood, MD 21040
DESCRIPTION:
- Purchase price is $34,000 and construction costs are $19,000
- Cash to close $7,000
- Holding $19,000 of the funds which will be reimbursed upon completion of the project
- Experience in rehabbing; prior client; portfolio of rehabbed & rental units
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $53,000 1st Mortgage |
| Value of Subject Property: | $85,000 |
| Loan to Value: | 62% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 673/677 |
