800.883.8290PROPERTY:
Glenrae Dr, Baltimore, MD 21228
DESCRIPTION:
- Purchase price is $116,000 and construction costs are $95,000.
- Cash to close is $38,000.
- Holding $95,000 of the funds which will be reimbursed upon completion of project
- PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $200,000 1st Mortgage |
| Value of Subject Property: | $300,000 |
| Loan to Value: | 67% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 756 / 745 |
