800.883.8290PROPERTY:
S Fremont Ave, Baltimore, MD 21230
DESCRIPTION:
- Purchase price is $118,000 and construction costs are $60,000.
- Cash to close is $61,000
- Holding $60,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $130,000 1st Mortgage |
| Value of Subject Property: | $215,000 |
| Loan to Value: | 61% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 737 |
