PROPERTY: 

Kramme  Ave, Baltimore,  MD  21225

DESCRIPTION:

  • Purchase price is $83,900 and construction costs are $30,000.
  • Cash to close is $23,000.
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Has over $90,000 in the bank to support closing and construction.

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $90,000 1st Mortgage
Value of Subject Property: $165,000
Loan to Value: 64%
Term requested: 12  Month Balloon
Exit Strategy: Resale
Credit Score  779