PROPERTY:

Windsor Mill Rd,  Baltimore, MD  21207

DESCRIPTION:

  • The borrower paid $165,000 for the property in Dec 2014.
  • We are doing a $100,000 bridge loan against this rental property so the borrower can use funds to update the property and sell it.

PROPOSED TERMS:

Loan Type: Refinance
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: $300,000
Loan to Value: 34%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  641