PROPERTY:

Dutch Mill Rd,  Randallstown,  MD 21133

DESCRIPTION:

  • Purchase price is $137,000 and construction costs are $25,000.
  • Cash to close is $35,000.
  • Holding $25,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $155,000 1st Mortgage
Value of Subject Property: $240,000
Loan to Value: 55%
Term requested: 12 Month Balloon
Exit Strategy: Resell
Credit Score 695