800.883.8290PROPERTY:
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 |
