PROPERTY:

S Highland Ave, Baltimore, MD 21224

DESCRIPTION:

  • Purchase price is $119,000 and construction costs are $65,000
  • Cash to close $78,000
  • Holding $65,000 of the funds which will be reimbursed upon completion of the project
  • Experience in rehabbing; prior client

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $120,000 1st Mortgage
Value of Subject Property: $200,000
Loan to Value: 60%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 491 / 658