PROPERTY:

Arundel  Rd, Baltimore, MD  21225

DESCRIPTION:

  • Purchase price is $52,000 and construction costs are $28,000.
  • Cash to close is $10,000
  • Holding $28,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing, prior client.

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $80,000 1st Mortgage
Value of Subject Property: $135,000
Loan to Value: 60%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 693