PROPERTY: 

Haubert St,  Baltimore MD  21230

 

DESCRIPTION:

  • Purchase price is $182,000 and construction costs are $110,000.
  • Cash to close is $700
  • Holding $110,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; Chris and Jason are guarantors

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $310,000 1st Mortgage
Value of Subject Property: 400,000
Loan to Value: 78%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 720