PROPERTY:

Codd Ave, Baltimore, MD 21222

 

DESCRIPTION:

  • Purchase price is $60,000 and a $5,000 assignment fee.
  • Cash to close is $12,000
  • Borrowers are experienced investors.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $60,000 1st Mortgage
Value of Subject Property: $148,000
Loan to Value: 41%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  660 / 701