PROPERTY: 

Hillside Rd,  Baltimore MD   21153

DESCRIPTION:

  • Purchase price is $72,500 and construction costs are $7,500.
  • Cash to close is $10,000
  • Holding $7,500 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing and home-building, prior client

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $82,000 1st Mortgage
Value of Subject Property: $150,000
Loan to Value: 55%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  670 / 677