800.883.8290PROPERTY:
Clarkson St, Baltimore, MD 21230
DESCRIPTION:
- Purchase price is $140,000 and construction costs are $75,000.
- Cash to close is $49,000
- Holding $75,000 of the funds which will be reimbursed upon completion of project
- Prior client from 2014.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $185,000 1st Mortgage |
| Value of Subject Property: | $305,000 |
| Loan to Value: | 61% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 582 |
