800.883.8290PROPERTY:
Conne Mara Dr, Davidsonville, MD 21035
DESCRIPTION:
- Purchase price is $625,000 and construction costs are $20,000.
- Cash to close is $234,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $450,000 1st Mortgage |
| Value of Subject Property: | $690,000 |
| Loan to Value: | 65% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 732 |
