PROPERTY:
Clinglog St, Capitol Heights, MD 20743
DESCRIPTION:
- Refinance Construction and construction costs are $30,000.
- Cash to close is $15,000 back to borrower
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
Loan Type: | Refinance |
Loan Amount: | $65,000 1st Mortgage |
Value of Subject Property: | $130,000 |
Loan to Value: | 50% |
Term requested: | 9 Month Balloon |
Exit Strategy: | Resell property |
Credit Score | 770 |