PROPERTY:

Ingleside Ave, Baltimore, MD 21207

DESCRIPTION:

  • Refinance of property purchased in October 2014 for $80,000.
  • Cash to close $2,000
  • Borrower is refinancing our loan and plans on renting or refinancing out of our loan.

PROPOSED TERMS:

Loan Type: Refinance
Loan Amount: $120,000 1st Mortgage
Value of Subject Property: $195,000
Loan to Value: 62%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 711 / 754