800.883.8290PROPERTY:
W Hammaker St, Frederick, MD 21788
DESCRIPTION:
- Purchase price is $107,000 and construction costs are $11,000.
- Cash to close is $24,000
- Holding $11,000 of the funds which will be reimbursed upon completion of project.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $105,000 1st Mortgage |
| Value of Subject Property: | $155,000 |
| Loan to Value: | 68% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 662 |
