800.883.8290PROPERTY:
Ingleside Ave, Baltimore, MD 21207
DESCRIPTION:
- Purchase price is $80,000 and construction costs are $40,000
- Cash to close $23,000
- Holding $40,000 of the funds which will be reimbursed upon completion of the project
- Borrower has prior experience
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $110,000 1st Mortgage |
| Value of Subject Property: | $210,000 |
| Loan to Value: | 52% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 711 / 754 |
