800.883.8290PROPERTY: Marlton Ct, Severn, MD 21144
DESCRIPTION:
- Purchase price is $46,500 and construction costs are $14,000.
- Cash to close is $1,000
- Holding $14,000 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: | $65,000 1st Mortgage |
| Value of Subject Property: | $95,000 |
| Loan to Value: | 69% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 720 |
