PROPERTY:

Kavon Ave, Baltimore, MD 21206

DESCRIPTION:

  • Purchase price is $47,000 and construction costs are $30,000.
  • Cash to close is $37,000
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $50,000 1st Mortgage
Value of Subject Property: $80,000
Loan to Value: 63%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 678