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 |