800.883.8290PROPERTY:
Coleridge Rd, Baltimore, MD 21229
DESCRIPTION:
- Purchase price is $69,000 and construction costs are $20,000.
- Cash to close is $15,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing and construction work. Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $82,500 1st Mortgage |
| Value of Subject Property: | $165,000 |
| Loan to Value: | 50% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Sell property |
| Credit Score | 672 / 624 |
