PROPERTY:

Copeland Rd, Baltimore, MD  21228

DESCRIPTION:

  • Purchase price is $135,000 and construction costs are $30,000.
  • Cash to close is $15,000
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing, prior client.

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $165,000 1st Mortgage
Value of Subject Property: $250,000
Loan to Value: 66%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 693