PROPERTY: 

Wheeling Ave, Upper Marlboro,  MD 20772

DESCRIPTION:

  • Purchase price is $149,000 and construction costs are $30,000.
  • Cash to close is $38,500
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; prior client

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $155,000 1st Mortgage
Value of Subject Property: $220,000
Loan to Value: 70%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 762