PROPERTY: 

Bedford Rd, Baltimore, MD  21207

DESCRIPTION:

  • Purchase price is $100,000 and construction costs are 75,000.
  • We are holding $75,000 of the funds which will be reimbursed upon completion of project.
  • Cash to close is $11,400.
  • Prior client with past experience

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $175,000 1st Mortgage
Value of Subject Property: $280,000
Loan to Value: 63%
Term requested: 12 Month Balloon
Exit Strategy: Resale
Credit Score   700