800.883.8290PROPERTY:
Riverview Rd Baltimore, MD 21225
DESCRIPTION:
- Purchase price is $40,000 and construction costs are $35,000.
- Cash to close is $29,000.
- Holding $35,000 of the funds which will be reimbursed upon completion of project
- Prior client. Experience real estate agent.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $55,000 1st Mortgage |
| Value of Subject Property: | $100,000 |
| Loan to Value: | 55% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 764 |
