PROPERTY:

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