PROPERTY:

Eastern Ave,  Baltimore,  MD 21224

DESCRIPTION:

  • Purchase price is $60,000 and construction costs are $15,000.
  • Cash to close is $14,000.
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Referred by one of our biggest clients

 

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $70,000 1st Mortgage
Value of Subject Property: $110,000
Loan to Value: 64%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 0