800.883.8290PROPERTY:
Belview Ave, Hagerstown, MD 21740
DESCRIPTION:
- Purchase price is $50,000 and construction costs are $35,000.
- Cash to close is $21,000
- Holding $35,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $75,000 1st Mortgage |
| Value of Subject Property: | $115,000 |
| Loan to Value: | 65% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 708 |
