PROPERTY:

Kahn Dr, Pikesville, MD 21208

DESCRIPTION:

  • Purchase price is $88,000 and construction costs are $30,000.
  • Cash to close is ~$22,000
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing and owns so free and clear properties

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: $180,000
Loan to Value: 61%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 642