PROPERTY:

Princess Anne Ct, Bowie,   MD 20716

DESCRIPTION:

  • Purchase price is $149,000 and construction costs are $8,500.
  • Cash to close is $35,000
  • Holding $8,500 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; prior client.

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $135,000 1st Mortgage
Value of Subject Property: $210,000
Loan to Value: 65%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 816