PROPERTY: 

Marksworth Rd, Baltimore, MD   21207

DESCRIPTION:

  • Purchase price is $142,500 and construction costs are $50,000.
  • Cash to close is $59,000.
  • Holding $50,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $150,000 1st Mortgage
Value of Subject Property: $275,000
Loan to Value: 62%
Term requested: 9  Month Balloon
Exit Strategy: Resale
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