800.883.8290PROPERTY:
Ponfield Rd W, Forest Hill, MD 21050
DESCRIPTION:
- Purchase price is $238,000 and construction costs are $30,000.
- Cash to close is $85,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $200,000 1st Mortgage |
| Value of Subject Property: | $300,000 |
| Loan to Value: | 67% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 584 /691 |
