PROPERTY:

Gilmore St, Baltimore, MD 21207

DESCRIPTION:

  • Purchase price is $100,00 and construction costs are $30,000.
  • Cash to close is $28,000
  • Holding $20,000 of the funds which will be reimbursed upon completion of project

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $105,000 1st Mortgage
Value of Subject Property: $180,000
Loan to Value: 60%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 714