800.883.8290PROPERTY:
Anne Ct, Clinton, MD 20735
DESCRIPTION:
- Purchase price is $162,000 and construction costs are $25,000
- Cash to close is $53,000
- Holding $25,000 of the funds which will be reimbursed upon completion of project.
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $150,000 1st Mortgage |
| Value of Subject Property: | $237,000 |
| Loan to Value: | 63% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 549 / 647 |
