800.883.8290PROPERTY:
6th Ave, Baltimore, MD 21234
DESCRIPTION:
- Purchase price is $125,000 and construction costs are $40,000.
- Cash to close is $35,000.
- Holding $40,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $160,000 1st Mortgage |
| Value of Subject Property: | $240,000 |
| Loan to Value: | 61% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 720 |
