PROPERTY:

Orlando Ave, Baltimore,   MD 21234

DESCRIPTION:

  • Cash out refinance with construction costs of $20,000.
  • Cash back at closing of $66,000
  • Holding $20,000 of the funds which will be reimbursed upon completion of project

 

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: 200,000
Loan to Value: 50%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 729