PROPERTY:

W Garrison, Baltimore, MD 21215

DESCRIPTION:

  • Purchase price is $61,000 and construction costs are $15,000.
  • Cash to close is $23,000
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing, repeat borrower.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $60,000 1st Mortgage
Value of Subject Property: $100,000
Loan to Value: 60%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 723