PROPERTY:

Embleton Rd, Baltimore, MD 21117

DESCRIPTION:

  • Purchase price is $145,000.
  • Cash to close is $47,000
  • We are not holding a construction reserve
  • Experience in rehabbing – borrowers currently have done 5 prior homes.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $220,000
Loan to Value: 50%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 720/714