PROPERTY: 

Taylor Ave,  Baltimore,  MD  21236

DESCRIPTION:

  • Purchase price is $150,000 and construction costs are $50,000.
  • Cash to close is $53,000.
  • Holding $50,000 of the funds which will be reimbursed upon completion of project
  • 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: Resale
Credit Score  776