PROPERTY: 

Farrara Dr,  Odenton, MD  21113

 

DESCRIPTION:

  • Purchase price is $134,400 and construction costs are $35,000.
  • Cash to close is $300
  • Holding $35,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; Chris and Jason are guarantors

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $180,000 1st Mortgage
Value of Subject Property: $250,000
Loan to Value: 72%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 720