PROPERTY: 

Hull St,  Baltimore, MD   21230

DESCRIPTION:

  • Purchase price is $185,000 and construction costs are $80,000.
  • Cash to close is $48,000.
  • Holding $80,000 which will be returned upon completion of the project.
  • Experience in rehabbing and home-building, prior client.

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $240,000 1st Mortgage
Value of Subject Property: $400,000
Loan to Value: 60%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  776