800.883.8290PROPERTY:
Southgreen Rd, Baltimore, MD 21244
DESCRIPTION:
- Purchase price is $80,000 and construction costs are $30,000.
- Cash to close is $11,000.
- Holding $30,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $110,000 1st Mortgage |
| Value of Subject Property: | $180,000 |
| Loan to Value: | 62% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 670 |
