Fairway Dr, Baltimore, MD 21286
- Purchase price is $180000 and construction costs are $90,000.
- Cash to close is $15,000
- Holding $90,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, we have done several successful loans with this borrower.
|Loan Amount:||$270,000 1st Mortgage|
|Value of Subject Property:||$400,000|
|Loan to Value:||68%|
|Term requested:||12 Month Balloon|
|Exit Strategy:||Resell property|