800.883.8290PROPERTY:
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 |
