Transaction Details

Fix/Flip LOC Draw - Cash out refi, NJ


Fix/Flip LOC Draw - Cash out refi | 19 Froelich Street, Bergenfield, NJ 07621
Recently Funded

MGP Properties, LLC


Property Type: Single Family

Development Phase:

Repositioning

Rate
8.38%
Loan to cost
%
Loan to ARV
67.79%
Total Loan Amount
$261,000.00
Initial loan amount
$261,000.00
Rehab/Const Loan amount
$52,000.00
Transaction type
Cash Out Refinance
Loan program
Fix/Flip LIne of Credit
Doc Type
Debt Coverage Ratio
Amortization
Interest Only
Investment Summary
Borrower funded this project 100% in cash. Utilizing LOC to Cashout and fund another project.
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