PROPERTY: 

E Clement St., Baltimore, MD 21230

 

DESCRIPTION:

  • Cash out refi of a F & C property purchased in July 2013 for $134,000.
  • Cash back at close is $90,000
  • Experienced borrower / past client

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $100,000 1st Mortgage
Value of Subject Property: $250,000
Loan to Value: 40%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score  660