PROPERTY:

Ellicott Center Dr,  Ellicott City,  MD 21043

DESCRIPTION:

  • Refinance of a commercial property acquired in Mar 2002 for $105,000.
  • Property is currently on the market for $150,000.
  • Cash to close is $9,500

PROPOSED TERMS:

Loan Type: Refinance
Loan Amount: $90,000 1st Mortgage
Value of Subject Property: $155,000
Loan to Value: 58%
Term requested: 12 Month Balloon
Exit Strategy: Sell
Credit Score 630