PROPERTY: 

Fleet St, Baltimore, MD 21224

 

DESCRIPTION:

  • Purchase price is $135,000.
  • Cash to close is $42,000
  • Experienced borrowers.  Have 2 other properties in Baltimore and will pay this loan off when one sells.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $105,000 1st Mortgage
Value of Subject Property: $300,000
Loan to Value: 35%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  652 / 541