PROPERTY:
Hornbeam Ct, Gleanarden, MD 20706
DESCRIPTION:
- Purchase price is $142,100 and construction costs are $8,000.
- Cash to close is $25,000
- Holding $8,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; excellent credit.
PROPOSED TERMS:
Loan Type: | Purchase |
Loan Amount: | $140,000 1st Mortgage |
Value of Subject Property: | $220,000 |
Loan to Value: | 64% |
Term requested: | 9 Month Balloon |
Exit Strategy: | Resell property |
Credit Score | 816 |