PROPERTY: 

Linden Ave,  Baltimore MD   21227

 

DESCRIPTION:

  • Purchase price is $80,000 and construction costs are $30,000.
  • Cash to close is $15,000
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing and home-building

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $170,000
Loan to Value: 65%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score  776