PROPERTY:

Disney Ave, Baltimore, MD 21225

DESCRIPTION:

  • Purchase price is $83,000 and construction costs are $45,000.
  • Cash to close is $13,000
  • Holding $45,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; Prior client w/ portfolio of rehabbed homes

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $128,000 1st Mortgage
Value of Subject Property: $225,000
Loan to Value: 57%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 672 / 764