800.883.8290PROPERTY:
Barge Rd #F, Ocean City, MD 21842
DESCRIPTION:
- Purchase price is $182,000 and construction costs are $20,000.
- Cash to close is $67,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $150,000 1st Mortgage |
| Value of Subject Property: | $300,000 |
| Loan to Value: | 50% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 547/734 |
