800.883.8290PROPERTY:
S Highland Ave, Baltimore, MD 21224
DESCRIPTION:
- Purchase price is $119,000 and construction costs are $65,000
- Cash to close $78,000
- Holding $65,000 of the funds which will be reimbursed upon completion of the project
- Experience in rehabbing; prior client
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $120,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 60% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 491 / 658 |
