PROPERTY:

Biscayne Ct,  Upper Marlboro,  MD 20772

DESCRIPTION:

  • Purchase price is $148,000 and construction costs are $15,000.
  • Cash to close is $19,000
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; prior client

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $130,000 1st Mortgage
Value of Subject Property: $200,000
Loan to Value: 65%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 816