800.883.8290PROPERTY:
Wengate Rd, Owings Mills, MD 21117
DESCRIPTION:
- Purchase price is $90,000 and construction costs are $30,000.
- Cash to close is $27,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $105,000 1st Mortgage |
| Value of Subject Property: | $189,000 |
| Loan to Value: | 56% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score |
