PROPERTY: 

Hazelwood Ave.,  Baltimore, MD   21206

 

DESCRIPTION:

  • Purchase price is $90,000 and construction costs are $15,000.
  • Cash to close is $26,000
  • Holding $15,000 of the funds which will be reimbursed upon completion of project
  • Currently holds 7 rentals in the Baltimore area and 1 in NYC.

 

 

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $90,000 1st Mortgage
Value of Subject Property: $145,000
Loan to Value: 63%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 616