800.883.8290PROPERTY:
Eagle St, Capitol Heights, MD 20743
DESCRIPTION:
- Purchase price is $90,000 and construction costs are $40,000
- Cash to close is $27,000
- Holding $40,000 of the funds which will be reimbursed upon completion of project.
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $115,000 1st Mortgage |
| Value of Subject Property: | $170,000 |
| Loan to Value: | 53% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 650 |
