800.883.8290PROPERTY:
Poplar Ave, Baltimore, MD 21207
DESCRIPTION:
- Purchase price is $93,000 and construction costs are $67,000.
- Cash to close is $14,000
- Holding $67,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing – prior client.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $160,000 1st Mortgage |
| Value of Subject Property: | $250,000 |
| Loan to Value: | 64% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 642 |
