PROPERTY: 

Cooksie St,  Baltimore MD  21230

 

DESCRIPTION:

  • Cash out of a F & C property purchased in Oct 2013 for $139,00.
  • Construction costs are $40,000
  • Holding $40,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; prior client.

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $160,000 1st Mortgage
Value of Subject Property: 250,000
Loan to Value: 64%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 776