800.883.8290PROPERTY:
Hermosa Ave, Baltimore, MD 21214
DESCRIPTION:
- Purchase price is $71,000 and construction costs are $40,000.
- Cash to close is $0
- Holding $40,000 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: | $125,000 1st Mortgage |
| Value of Subject Property: | 190,000 |
| Loan to Value: | 66% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 720 |
