PROPERTY:

Ridgely St, Baltimore,  MD 21230

DESCRIPTION:

  • Cash out refinance of property purchased in 8/2014 for $24,000.
  • Cash back at closing is $5,000.

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $45,000 1st Mortgage
Value of Subject Property: $80,000
Loan to Value: 57%
Term requested: 12 Month Balloon
Exit Strategy: Rent property
Credit Score 571