PROPERTY: 

Disney Ave, Baltimore, MD   21225

DESCRIPTION:

  • Purchase price is $118,000 and  construction costs are $20,000.
  • Cash to close is $35,000.
  • We are holding $20,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $180,000
Loan to Value: 62%
Term requested: 12  Month Balloon
Exit Strategy: Resale
Credit Score  770