800.883.8290PROPERTY:
Loring Dr, District Heights, MD 20747
DESCRIPTION:
- Purchase price is $125,00 and construction costs are $20,000.
- Cash to close is $17,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Prior Client whom we have done over 20 loans with.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $140,000 1st Mortgage |
| Value of Subject Property: | $220,000 |
| Loan to Value: | 64% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 664 |
