800.883.8290PROPERTY:
Bedford Rd, Baltimore, MD 21207
DESCRIPTION:
- Purchase price is $100,000 and construction costs are 75,000.
- We are holding $75,000 of the funds which will be reimbursed upon completion of project.
- Cash to close is $11,400.
- Prior client with past experience
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $175,000 1st Mortgage |
| Value of Subject Property: | $280,000 |
| Loan to Value: | 63% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 700 |
