800.883.8290PROPERTY:
Eder Dr, Baltimore, MD 21222
DESCRIPTION:
- Purchase price is $69,000 and construction costs are $20,000
- Cash to close is $17,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project.
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $80,000 1st Mortgage |
| Value of Subject Property: | $130,000 |
| Loan to Value: | 63% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 552 |
