800.883.8290PROPERTY:
Jessica’s Ln, Bel Air, MD 21014
DESCRIPTION:
- Purchase price is $107,000 and construction costs are $12,000.
- Cash to close is $22,000
- Holding $12,000 of the funds which will be reimbursed upon completion of project
- Excellent credit, experienced borrower.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $110,000 1st Mortgage |
| Value of Subject Property: | $175,000 |
| Loan to Value: | 63% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 706 |
