PROPERTY:

Leafydale Ter,  Baltimore,  MD 21208

DESCRIPTION:

  • Purchase price is $101,00 and construction costs are $35,000.
  • Cash to close is $13,000
  • Holding $35,000 of the funds which will be reimbursed upon completion of project
  • Past client of HMB and REI360.  Rehab experience.

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $135,000 1st Mortgage
Value of Subject Property: $245,000
Loan to Value: 56%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 684