PROPERTY: 

Richardson St, Baltimore MD   21230

 

DESCRIPTION:

  • Cash out refi of F & C property purchased for $155,000 in 12/2013.
  • Cash back at close is $78,000
  • Experience in rehabbing and home-building

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $90,000 1st Mortgage
Value of Subject Property: $360,000
Loan to Value: 25%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  776