PROPERTY:

Sussex Rd, Baltimore, MD 21207

DESCRIPTION:

  • Purchase price is $241,200 and construction costs are $40,000.
  • Cash to close is $18,500
  • Holding $40,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing; prior client

 

 

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $140,000 1st Mortgage
Value of Subject Property: $220,000
Loan to Value: 65%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 652 / 640