800.883.8290PROPERTY:
Forrest Ave, Baltimore, MD 21234
DESCRIPTION:
- Purchase price is $110,000 and construction costs are $30,000.
- Cash to close is $20,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, we have done several loans for this borrower.
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $130,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 650 |
