PROPERTY:

Southgreen Rd,  Baltimore,  MD 21244

DESCRIPTION:

  • Purchase price is $80,000 and construction costs are $30,000.
  • Cash to close is $11,000.
  • Holding $30,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $180,000
Loan to Value: 62%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  670