PROPERTY: 

Riverview Rd  Baltimore,   MD  21225

DESCRIPTION:

  • Purchase price is $40,000 and construction costs are $35,000.
  • Cash to close is $29,000.
  • Holding $35,000 of the funds which will be reimbursed upon completion of project
  • Prior client.  Experience real estate agent.

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $55,000 1st Mortgage
Value of Subject Property: $100,000
Loan to Value: 55%
Term requested: 9  Month Balloon
Exit Strategy: Resale
Credit Score  764