PROPERTY:

Nemo Rd,Randallstown, MD 21133

DESCRIPTION:

  • Purchase price is $157,000 and construction costs are $30,000.
  • Cash to close is $43,000
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $160,000 1st Mortgage
Value of Subject Property: $280,000
Loan to Value: 57%
Term requested: 9 Month Balloon
Exit Strategy: Resell
Credit Score 493