800.883.8290PROPERTY:
Charing Cross Rd, Baltimore, MD 21229
DESCRIPTION:
- Purchase price is $110,000 and construction costs are $50,000.
- Cash to close is $31,000
- Holding $50,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $130,000 1st Mortgage |
| Value of Subject Property: | $205,000 |
| Loan to Value: | 64% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Sell property |
| Credit Score | 559 |
