PROPERTY:

Kirkwood Rd, Baltimore, MD 21207

DESCRIPTION:

  • Purchase price is $76,000 and construction costs are $35,000.
  • Cash to close is $12,000
  • Holding $35,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing / prior client

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $165,000
Loan to Value: 66%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 650