800.883.8290PROPERTY:
Ridgeville Blvd, Mount Airy, MD 21771
DESCRIPTION:
- Purchase price is $150,000 (+$5K wholesale fee paid outside of closing) and construction costs are $55,000.
- Cash to close is $20,000+
- Holding $55,000 of the funds which will be reimbursed upon completion of project
- Good repeat client with rehab experience.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $200,000 1st Mortgage |
| Value of Subject Property: | $310,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 700 |
