PROPERTY:  

2 properties on Hickory Ave, Baltimore, MD  21211

DESCRIPTION:

  • Holding $30,000 of the funds which will be reimbursed upon completion of project.
  • Borrower owns several properties on the same street.
  • Property close to Hopkins Campus.

 

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $155,000 1st Mortgage
Value of Subject Property: 300K subject &

80K collateral
Loan to Value: 41%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 639