800.883.8290PROPERTY:
Millgate Rd, Owings Mills, MD 21117
DESCRIPTION:
- Purchase price is $75,00 and construction costs are $45,000.
- Cash to close is $12,000
- Holding $45,000 of the funds which will be reimbursed upon completion of project.
- Past client with rehab experience.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $120,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 60% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 684 |
