800.883.8290PROPERTY:
Comet Dr, Fort Washington, MD 20744
DESCRIPTION:
- Cash out refinance of property purchased in Jan 2015 for $60,000.
- Cash back at closing is $5,000 after paying off $52,000 lien.
- Holding $30,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Refinance Construction |
| Loan Amount: | $100,000 1st Mortgage |
| Value of Subject Property: | $154,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 496 / 669 |
