PROPERTY:

Barrow Ct, Towson, MD 21286

DESCRIPTION:

  • Purchase price is $180,000 and construction costs are $70,000.
  • Cash to close is $38,000
  • Holding $70,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; referred by a prior client

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $230,000 1st Mortgage
Value of Subject Property: $400,000
Loan to Value: 58%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 776 / 761