PROPERTY:

Forest View Ave, Baltimore, MD   21206

DESCRIPTION:

  • Purchase price is $35,500 and construction costs are $35,000.
  • Cash to close is $14,000
  • Holding $35,000 to be reimbursed at time of project completion.
  • Bank financing is in place for the refinance.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $65,000 1st Mortgage
Value of Subject Property: $190,000
Loan to Value: 35%
Term requested: 9 Month Balloon
Exit Strategy: Refi property
Credit Score  657