800.883.8290PROPERTY:
Leroy Gorham Dr, Capitol Heights, MD 20743
DESCRIPTION:
- Purchase price is $59,000 and construction costs are $15,000.
- Cash to close is $11,000
- Holding $15,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $70,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 35% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 723/668 |
