PROPERTY: 

Hull St,  Baltimore, MD   21230

DESCRIPTION:

  • Purchase price is $213,000 and construction costs are $90,000.
  • Cash to close is $32,000.
  • Holding $90,000 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: $290,000 1st Mortgage
Value of Subject Property: $415,000
Loan to Value: 70%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  776