PROPERTY: 

Granville Rd, Baltimore MD   21043

 

DESCRIPTION:

  • Purchase price is 77,000 and construction costs are $33,000.
  • Holding $33,000 in escrow which will be reimbursed upon completion of the project.
  • Cash required to close is $11,000
  • Prior client.

 

 

Loan Type: Purchase Construction
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $175,000
Loan to Value: 63%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  602