800.883.8290PROPERTY:
Oak St, Edgewood, MD 21040
DESCRIPTION:
- This is a refinance of a property the borrower owns free and clear. It was purchased for $63,000 in Jan 2015.
- Cash back at closing is $75,000
- Experience in rehabbing; prior client
- Funds will be used to purchase another property.
PROPOSED TERMS:
| Loan Type: | Refinance |
| Loan Amount: | $80,000 1st Mortgage |
| Value of Subject Property: | $130,000 |
| Loan to Value: | 62% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 729 |
