800.883.8290PROPERTY:
Wengate Rd, Owings Mills, MD 21117
DESCRIPTION:
- Purchase price is $80,00 and construction costs are $25,000.
- Cash to close is $11,000
- Holding $25,000 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: | $100,000 1st Mortgage |
| Value of Subject Property: | $215,000 |
| Loan to Value: | 47% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 684 |
