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 |