800.883.8290PROPERTY:
Callow Ave, Baltimore, MD 21217
DESCRIPTION:
- Purchase price is $110,000 and construction costs are $100,000.
- Cash to close is $75,000
- Holding $100,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, prior client.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $150,000 1st Mortgage |
| Value of Subject Property: | $240,000 |
| Loan to Value: | 63% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 737 |
