800.883.8290PROPERTY:
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 |
