Fundraising Update #2

Alhamdulillah, so far our tally for the donation / loan pledges from the past 2 weeks currently stand as follows:

Finance:

One time Contributions Pledged: $70,200
One time Contributions Collected: $46,950
Personnal Short Term Loans Pledged: $30,500
Personnal Short Term Loans Collected: $30,500

Current Total Pledge: $100,700
Current Total Collected: $77,450

 

Initial fundraising target for property purchase: $159,000 with offer price set to $145,000 cash
Renovation Funds Estimate: $105,000 (for inside renovation, basement finishing, and phase 1 parking)
Details of property:
Address: 46118 THOMPSON CT, LEXINGTON PARK, MD 20653
List Price: $159,000

Finished space: 1467 sq ft
Basement: Unfinished approximately 1400 sq ft
Land space: 43,560 sq ft (approximately 1 acre)
Year built: 1969
Garage: 1 Car (space that will be converted to ‘living’ space of approximately 300 sq ft)
Alhamdulillah we have started to reach out to our established neighboring communities for assistance in this endeavor.  On March 2 at 5:00 pm, there will be a fundraiser at the Prince Frederick Masjid

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