800.883.8290PROPERTY:
Omaha Ave, Baltimore, MD 21206
DESCRIPTION:
- Purchase price is $45,000 and construction costs are $35,000.
- Cash to close is $300
- Holding $35,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction – JV |
| Loan Amount: | $90,000 1st Mortgage |
| Value of Subject Property: | $120,000 |
| Loan to Value: | 75% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Rent property |
| Credit Score | 770 |
