800.883.8290PROPERTY:
Muncy Cir, Landover, MD 20785
DESCRIPTION:
- Purchase price is $75,680 and construction costs are $45,000.
- Cash to close is $48,000.
- Holding $45,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $80,000 1st Mortgage |
| Value of Subject Property: | $141,000 |
| Loan to Value: | 57% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 559 |
