PROPERTY:

Edmonson Ave, Baltimore, MD 21229

DESCRIPTION:

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

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $70,000 1st Mortgage
Value of Subject Property: $110,000
Loan to Value: 64%
Term requested: 9 Month Balloon
Exit Strategy: Refinance
Credit Score  720