PROPERTY:

William Wade Ave, Baltimore, MD  21222

DESCRIPTION:

  • Purchase price is $305,000 and construction costs are $30,000.
  • Cash to close is $7,000
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $45,000 1st Mortgage
Value of Subject Property: $130,000
Loan to Value: 58%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 640