Single Fix/Flip in Livingston, NJ
Posted by Robert Shamie // November 26, 2017
We recently funded this project in Livingston,NJ. Our borrowers faced some challenges with a an oil tank and soil contamination which needed remediation. Although this issue delayed closing for several months, we made certain to keep the loan file fresh such that a smooth closing could occur only days after the remediation was complete. Construction is currently underway and we’re certain this project will be a home run for our clients.
Loan Amount | $455,823 | Interest Rate | 9.90% | Loan to Cost | 90% |
% of After Repair Value Financed | 70% | Property Type | Single Family | Investment Strategy | Fix/Flip |