PROPERTY:

Haxall Ct, Fort Washington,  MD 20744

DESCRIPTION:

  • Purchase price is $370,000 and construction costs are $25,000.
  • Cash to close is $120,000.
  • Holding $25,000 of the funds which will be reimbursed upon completion of project
  • Prior client.  Just completed and sold 10043 Edgewater Terrace, Fort Washington, MD  20744

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $300,000 1st Mortgage
Value of Subject Property: $500,000
Loan to Value: 60%
Term requested: 12 Month Balloon.
Exit Strategy: Resell
Credit Score 549 / 647