800.883.8290PROPERTY:
Rockhill Ave, Baltimore, MD 21229
DESCRIPTION:
- Purchase price is $48,000 and construction costs are $20,000.
- Cash to close is $8,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in the renovation process. Past client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $68,000 1st Mortgage |
| Value of Subject Property: | $140,000 |
| Loan to Value: | 49% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 651 |
