PROPERTY:

Pinewood Ave,  Baltimore,  MD 21214

DESCRIPTION:

  • Purchase price is $80,000 and construction costs are $50,000.
  • Cash to close is $27,500
  • Holding $50,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing.

PROPOSED TERMS:

Loan Type: Purchase construction
Loan Amount: $115,000 1st Mortgage
Value of Subject Property: $180,000
Loan to Value: 64%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 730