PROPERTY:

Annapolis Rd, Baltimore, MD 21227

DESCRIPTION:

  • Purchase price is $100,500 and construction costs are $65,000.
  • Cash to close is $39,000
  • Holding $65,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; past client

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $140,000 1st Mortgage
Value of Subject Property: $210,000
Loan to Value: 67%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 642