Transaction Details

Fix/Flip LOC Draw, MD


Fix/Flip LOC Draw | 2956 Yorkway, Baltimore, MD 21222
Recently Funded

Omniverse Property Group, LLC


Property Type: 2 unit building

Development Phase:

Full Renovation

Rate
7.99%
Loan to cost
90%
Loan to ARV
75%
Total Loan Amount
$86,250.00
Initial loan amount
$65,250.00
Rehab/Const Loan amount
$32,650.00
Transaction type
Purchase and Rehabilitation
Loan program
1 Year Fixed
Doc Type
Streamline
Amortization
Fully Amortized
Investment Summary
Repair walls by removing paneling and install new doors and walls to make the apartment more functional with 2nd floor - 2 beds - 1 bath upstairs Apartment and 1st floor 2 beds - 1 bath Apartment - replacing carpet, install new kitchen cabinets in both apartments, appliances, and flooring – replace plumbing as needed to upstairs & downstairs apartments, add another separate water heater to separate water heating utilities from one single water heater for both Apartments, upstairs will be all electric heating and downstairs will be Gas & Electric heat systems, Replace plumbing fixtures in both apartments, repair and replace electric fixtures, receptacles, switches and wall plates, smoke detectors and carbon detectors in both apartments, Repair roof has a leak in the back upstairs bed room, new paint entire house, basement will be dry locked on the inside and a second laundry room will be installed in the basement – both Apartments will have access to basement laundry areas
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