800.883.8290PROPERTY:
B And O Ave, Frederick, MD 21702
DESCRIPTION:
- Cash out refinance of F & C property and construction costs are $40,000.
- Borrower will receive $44,000 at closing
- Holding $40,000 of the funds which will be reimbursed upon completion of project
- Low LTV / Great Credit
- Experienced Borrowers
PROPOSED TERMS:
| Loan Type: | Cash out refi |
| Loan Amount: | $100,000 1st Mortgage |
| Value of Subject Property: | $440,000 |
| Loan to Value: | 23% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 737/752 |
