800.883.8290PROPERTY:
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 |
