PROPERTY:

Haubert St, Baltimore, MD 21230

DESCRIPTION:

  • Purchase price is $110,000 and construction costs are $80,000.
  • Cash to close is $0
  • Holding $80,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $210,000 1st Mortgage
Value of Subject Property: $290,000
Loan to Value: 72%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 780