800.883.8290PROPERTY:
Holden Rd, Baltimore, MD 21286
DESCRIPTION:
- Purchase price is $220,000 and construction costs are $40,000.
- Cash to close is $53,000
- Holding $40,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; referred by a prior client
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $225,000 1st Mortgage |
| Value of Subject Property: | $425,000 |
| Loan to Value: | 53% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 776 / 761 |
