PROPERTY:

Gateshead Cir, Germantown, MD 20876

DESCRIPTION:

  • Cash out refinance of F & C property
  • Borrower will receive $127,000 at closing
  • Experienced builder

PROPOSED TERMS:

Loan Type: Cash out refi
Loan Amount: $140,000 1st Mortgage
Value of Subject Property: $225,000
Loan to Value: 62%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 729