800.883.8290PROPERTY:
Windsor Mill Rd, Baltimore, MD 21207
DESCRIPTION:
- Purchase price is $60,000 and construction costs are $80,000.
- Cash to close is $21,000
- Holding $80,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $130,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 720 |
