PROPERTY:

Claridge Rd, Temple Hills, MD  20748

DESCRIPTION:

  • Purchase price is $165,000 and construction costs are not being held in escrow.
  • Cash to close is $71,000
  • Experience in rehabbing / prior client

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $220,000
Loan to Value: 50%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  798 / 705