800.883.8290PROPERTY:
Scott St, Baltimore, MD 21230
DESCRIPTION:
- Purchase price is $80,000 and construction costs are $20,000.
- Cash to close is $58,000.
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $50,000 1st Mortgage |
| Value of Subject Property: | $80,000 |
| Loan to Value: | 63% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 660 |
