Mortgage lead for Residential loan in Baltimore, MD, 21225

Date Posted

7/3/2025 7:26:26 AM

Property at

Baltimore, MD, 21225, USA Show Map

Borrower at

Property Type

Residential

Property Value

$169,000

Purchase Price

$169,000

Loan Request

$109,850

LTV

65 %

Credit Rating

550-579

Loan Purpose

Property Purchase

Purpose

Property Investment Summary
Address: 716 Pontiac Ave, Baltimore, MD 21225

G13 Housing Agency is acquiring this property as part of its strategic affordable housing initiative.

Acquisition Price: $169,000

After-Repair Value (ARV): $210,000

Financing Structure

First Lien: $101,400 (60% LTV) from a hard money lender – 12-month interest-only loan

Second Lien: $67,600 seller carryback at 5% interest 12 month interest only.

Target Funding Need: $136,500 (65% of ARV)

The seller carryback was intentionally requested, as I don’t plan to hold the note long. The structure supports a short-term strategy aligned with our affordable housing program.

About Me & Strategic Approach
As a licensed real estate agent and loan officer with ownership in G13 Housing Agency, I specialize in alternative financing and structuring strategic exits for investment properties. This project is designed with a clear and efficient exit in mind.

Our housing initiative leverages a partnership with a government entity that offers a lease-option program. The strategy is to sell the property directly to this entity, which will lease-option the home to our prepared end buyer. This buyer has been fully educated, coached, and financially readied through our program—ensuring a smooth transition into homeownership.

Renovations & Value-Add Improvements
The property has already undergone major interior renovations. The remaining work focuses on enhancing curb appeal and landscaping:

Improvement Scope Estimated Cost Potential Value Increase Estimated Added Value
Full Curb Appeal Package $2,500–$4,000 5%–7% of ARV $10,500–$14,700

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Loan Request for Residential loan in Baltimore, MD, 21225