PROPERTY:

East Ave, Baltimore, MD 21206

DESCRIPTION:

  • Purchase price is $80,000 with $45,000 construction costs
  • Cash to close is $22K
  • Experienced investor

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $115,000 1st Mortgage
Value of Subject Property: $180,000
Loan to Value: 64%
Term requested: 12 Month Balloon
Exit Strategy: Resell
Credit Score 771