PROPERTY:

Todd Ave, Baltimore, MD 21206

DESCRIPTION:

  • Purchase price is $60,000 and construction costs are $20,000.
  • Cash to close is $0
  • Holding $20,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $90,000 1st Mortgage
Value of Subject Property: $115,000
Loan to Value: 78%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 580