PROPERTY:

Grindon Ave, Baltimore, MD 21214

DESCRIPTION:

  • Purchase price is $77,000 and construction costs are $50,000.
  • Cash to close is $25,000
  • Holding $50,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; prior client

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $170,000
Loan to Value: 65%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 729