800.883.8290PROPERTY:
Annapolis Rd, Baltimore, MD 21227
DESCRIPTION:
- Purchase price is $100,500 and construction costs are $65,000.
- Cash to close is $39,000
- Holding $65,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; past client
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $140,000 1st Mortgage |
| Value of Subject Property: | $210,000 |
| Loan to Value: | 67% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 642 |
