Fix Flip LOC Draw in New Providence, NJ

Posted by Robert Shamie // November 26, 2017

Transaction Overview

We recently funded this deal in New Providence, NJ for one of our best clients. We funded 90% o the purchase price, 95% of the construction at 75% of the estimated ARV. The property appraised $25,000 higher than the purchase price in its current condition! This is a testament to making your money when you buy.

Property Details

Purchase Price	$345,000	Loan Amount	$357,740	Loan Type	Fix Flip Line of Credit Draw
Interst Rate	7.49%	Loan to Cost	90%	Property Type	Single Family
Investment Objective	Fix/Flip to Retail	% of After Repair Value Financed	75%	% of Construction Financed	95%

Property Listing

Fix Flip LOC Draw in New Providence, NJ

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