800.883.8290PROPERTY:
Old Harford Rd, Baltimore, MD 21234
DESCRIPTION:
- Purchase price is $80,000 and construction costs are $50,000.
- Cash to close is $15,000
- Holding $50,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $125,000 1st Mortgage |
| Value of Subject Property: | $190,000 |
| Loan to Value: | 66% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 650 |
