800.883.8290PROPERTY:
Clark St, Capitol Heights, MD 20743
DESCRIPTION:
- Refinance of property purchased for $65K in 2013 and construction costs are $20,000.
- Cash back at close is $80,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $110,000 1st Mortgage |
| Value of Subject Property: | $180,000 |
| Loan to Value: | 62% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 723/668 |
