PROPERTY:

W West, Baltimore, MD 21230

DESCRIPTION:

  • Purchase price is $160,000 and construction costs are $45,000.
  • Cash to close is $63,000
  • Holding $45,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $160,000 1st Mortgage
Value of Subject Property: $260,000
Loan to Value: 62%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 584