800.883.8290PROPERTY:
Chatswoth Dr, Accokeek, MD 20607
DESCRIPTION:
- Purchase price is $200,000 and construction costs are $25,000.
- Cash to close is $93,000
- Holding $25,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; bringing cash to the table and has cash in the bank, low ltv
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $150,000 1st Mortgage |
| Value of Subject Property: | $293,000 |
| Loan to Value: | 51% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 569 |
