PROPERTY:

Middlesex RD, Baltimore, MD 21221

DESCRIPTION:

  • Purchase price is $60,000 and construction costs are $25,000
  • Cash to close $0
  • Holding $25,000 of the funds which will be reimbursed upon completion of the project
  • Experience in rehabbing; prior client;  portfolio of rehabbed & rental units

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $93,000 1st Mortgage
Value of Subject Property: $140,000
Loan to Value: 67%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 673/677