PROPERTY:

Martown Rd, Laurel,   MD 20723

DESCRIPTION:

  • Purchase price is $260,000 and construction costs are $70,000.
  • Cash to close is $66,000
  • Holding $70,00 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

 

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $290,000 1st Mortgage
Value of Subject Property: $445,000
Loan to Value: 66%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 773