Deal Details
Private Loan Type
Purchase
Approx. Funding Date
07/19/2021
Property Type
Single Family Residence
Property City
Randallstown
Property State
MD
Lien Type
1st Mortgage
Payment Type
Interest Only
Borrower's Plan
Rehab and Sell
Exit Strategy
Sale
Borrower Credit Rating
Excellent
Deal Summary
Property Flip Loan is pleased to announce that it has recently closed an $200,000 loan to help a local real estate investor in Baltimore, MD purchase a single-family residence which they plan to rehab and sell within the next 12 months (No Prepayment Penalties). Loan terms were very competitive as the Borrower has completed many projects in the Baltimore region. The Borrower plans to sell the property within the next year. This SFR bridge loan was funded in July 2021.