800.883.8290PROPERTY:
Fairway Dr, Baltimore, MD 21286
DESCRIPTION:
- Purchase price is $180000 and construction costs are $90,000.
- Cash to close is $15,000
- Holding $90,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, we have done several successful loans with this borrower.
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $270,000 1st Mortgage |
| Value of Subject Property: | $400,000 |
| Loan to Value: | 68% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 665 |
