800.883.8290PROPERTY:
W Cold Spring Ln, Baltimore, MD 21215
DESCRIPTION:
- This is a cash out refinance of a property the borrower owns free and clear. It was purchased for $35,000 cash in April 2015.
- Cash back at closing is $45,000.
- It is currently listed for $165,000.
- Funds will be used to complete the renovation of the property.
PROPOSED TERMS:
| Loan Type: | Refinance |
| Loan Amount: | $55,000 1st Mortgage |
| Value of Subject Property: | $165,000 |
| Loan to Value: | 34% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 584 |
