PROPERTY: 

Gwynnmore Ave, Baltimore MD   21207

 

DESCRIPTION:

  • Cash out refi of F & C property purchased in Nov, 2014.
  • Holding $20,000 in escrow which will be reimbursed upon completion of the project.
  • Cash back at close is $70,000
  • Experience in rehabbing; prior client with portfolio of rehabbed homes

 

 

Loan Type: Refinance Construction
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: $220,000
Loan to Value: 46%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  642