800.883.8290PROPERTY:
Caroll St, Baltimore, MD 21230
DESCRIPTION:
- Purchase price is $17,500 and construction costs are $50,000.
- Cash to close is $20,000
- Holding $50,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $60,000 1st Mortgage |
| Value of Subject Property: | $100,000 |
| Loan to Value: | 55% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 670 / 658 |
