800.883.8290PROPERTY:
Maryland Ave, Bethesda, MD 20816
DESCRIPTION:
- Purchase price is $738,00 and construction costs are $200,000.
- Cash to close is $133,000
- Holding $200,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $850,000 1st Mortgage |
| Value of Subject Property: | $1,350,000 |
| Loan to Value: | 63% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 636 |
