PROPERTY:

Elkhart St, Oxon Hill, MD 20745

DESCRIPTION:

  • Purchase price is $80,500 and construction costs are $38,000.
  • Cash to close is $25,000
  • Holding $38,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $105,000 1st Mortgage
Value of Subject Property: $160,000
Loan to Value: 65%
Term requested: 9 Month Balloon
Exit Strategy: Refi or payoff in cash
Credit Score 634