800.883.8290PROPERTY:
E Lake Ave, Baltimore, MD 21212
DESCRIPTION:
- Purchase price is $83,900 and construction costs are $20,000.
- Cash to close is $25,000.
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Has over $85,000 in the bank to support closing and construction.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $90,000 1st Mortgage |
| Value of Subject Property: | $140,000 |
| Loan to Value: | 64% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score |
