800.883.8290PROPERTY:
Pinewood Ave, Baltimore, MD 21214
DESCRIPTION:
- Purchase price is $80,000 and construction costs are $50,000.
- Cash to close is $27,500
- Holding $50,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing.
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $115,000 1st Mortgage |
| Value of Subject Property: | $180,000 |
| Loan to Value: | 64% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 730 |
