PROPERTY:

Moorgate Rd, Baltimore, MD 21222

DESCRIPTION:

  • Purchase price is $70,000 and construction costs are $20,000.
  • Cash to close is $12,500
  • Holding $20,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $85,000 1st Mortgage
Value of Subject Property: $135,000
Loan to Value: 65%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 640