PROPERTY:

Taylor Ave,  Baltimore, MD  21236

DESCRIPTION:

  • Purchase price is $117,00 and construction costs are $30,000.
  • Cash to close is $27,000
  • Holding $30,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $135,000 1st Mortgage
Value of Subject Property: $205,000
Loan to Value: 66%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 703/659