Property Listing

Single Fix/Flip in Livingston, NJ


Transaction Overview

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.

Property Details
Loan Amount $455,823Interest Rate 9.90%Loan to Cost 90%
% of After Repair Value Financed 70%Property Type Single FamilyInvestment Strategy Fix/Flip

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