800.883.8290PROPERTY:
Milford Mill, Baltimore, MD 21208
DESCRIPTION:
- Purchase price is $75,000 and construction costs are $30,000.
- Cash to close is $16,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Prior client with rehab experience.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $100,000 1st Mortgage |
| Value of Subject Property: | $160,000 |
| Loan to Value: | 63% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 693 |
