PROPERTY:

Bolton St, Baltimore, MD 21217

DESCRIPTION:

  • Cash out /refinance construction
  • Borrower has already put in $50,000 in improvements
  • Holding $60,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing,  borrower lives across the street from property

PROPOSED TERMS:

Loan Type: Refinance
Loan Amount: $90,000 1st Mortgage
Value of Subject Property: $140,000
Loan to Value: 65%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  737