Transaction Details

Fix/Flip LOC Draw, MI


Fix/Flip LOC Draw | 248 Linden Street, Milford, MI 48380
Recently Funded

Hess Property Solutions


Property Type: Single Family

Development Phase:

Full Renovation

Rate
8.99%
Loan to cost
90%
Loan to ARV
69.24%
Total Loan Amount
$410,615.00
Initial loan amount
$247,500.00
Rehab/Const Loan amount
$171,700.00
Transaction type
Bridge
Loan program
Fix/Flip LIne of Credit
Doc Type
Full
Amortization
Interest Only
Investment Summary
Tear down existing garage, punch out back wall to add on, remove walls on existing first & second floor, lift roof Remove large bushes, replace with smaller manicured bushes New construction framing to add on 2nd story, increase home square footage by 1500 sf New quartz/granite/marble countertops in kitchen High end, soft close kitchen cabinets New high end kitchen appliances (fridge, gas range, hood, double wall ovens, microwave), W/D New hardwoods across home New bathroom tile for 3 bathrooms
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