PROPERTY:

Old Harford Rd, Baltimore, MD 21234

DESCRIPTION:

  • Purchase price is $80,000 and construction costs are $50,000.
  • Cash to close is $15,000
  • Holding $50,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $125,000 1st Mortgage
Value of Subject Property: $190,000
Loan to Value: 66%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 650