Forrest Ave, Baltimore, MD 21234
- Purchase price is $110,000 and construction costs are $30,000.
- Cash to close is $20,000
- Holding $30,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, we have done several loans for this borrower.
|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|