PROPERTY: 

Park Ave, Baltimore,   MD  21217

 

DESCRIPTION:

  • Purchase price is $170.000.
  • Cash to close is $74,000 less $60,000 deposit that borrower has already put down.
  • Borrower is an experienced real estate investor with a portfolio of flipped houses.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $110,000 1st Mortgage
Value of Subject Property: 300,000
Loan to Value: 38%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 723