800.883.8290PROPERTY:
Leafydale Ter, Baltimore, MD 21208
DESCRIPTION:
- Purchase price is $101,00 and construction costs are $35,000.
- Cash to close is $13,000
- Holding $35,000 of the funds which will be reimbursed upon completion of project
- Past client of HMB and REI360. Rehab experience.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $135,000 1st Mortgage |
| Value of Subject Property: | $245,000 |
| Loan to Value: | 56% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 684 |
