PROPERTY:

Roselawn Ave, Baltimore, MD 21214

DESCRIPTION:

  • Purchase price is $67,000 and construction costs are $65,000.
  • Cash to close is $2,500
  • Holding $65,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $144,000 1st Mortgage
Value of Subject Property: $200,000
Loan to Value: 72%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 785