PROPERTY:
Bolton St, Baltimore, MD 21217
DESCRIPTION:
- Cash out /refinance construction
- Borrower has already put in $50,000 in improvements
- Holding $60,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, borrower lives across the street from property
PROPOSED TERMS:
Loan Type: | Refinance |
Loan Amount: | $90,000 1st Mortgage |
Value of Subject Property: | $140,000 |
Loan to Value: | 65% |
Term requested: | 9 Month Balloon |
Exit Strategy: | Resell property |
Credit Score | 737 |