Hil Mar Drive, District Heights, MD 20747


The borrower wants to acquire an investment property. The property is being purchased under market value through a short sale for $36K. The borrower has a lot of experience flipping properties and does many transactions on a monthly basis. The Borrower is putting up about $16K of their own cash plus pay for the construction costs. The property needs very little work. The borrower is strong with a 702 credit score, experience flipping properties and money in the bank.  HMB has done several successful loans for this Borrower so far.


Credit Score

Loan Type: Purchase
Loan Amount: $25,000 1st Mortgage
Value of Subject Property: $50,000
Loan to Value: 50%
Term requested: 12 Month Balloon
Credit Score 702
Exit Strategy: Resell property


The pros are:

We will have good collateral on an investment property. The borrowers have strong credit, good assets and experience. The Borrowers will be contributing about $16K+ into this deal.

The cons are:

The Borrowers exit strategy of selling could take longer than expected in this market.