Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 34 2nd Avenue, Roseland, NJ 07068
Recently Funded

SL Murray Associates LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
9.49%
Loan to cost
90%
Loan to ARV
75%
Total Loan Amount
$465,000.00
Initial loan amount
$387,000.00
Rehab/Const Loan amount
$115,425.00
Transaction type
Purchase and Rehabilitation
Loan program
Fix/Flip LIne of Credit
Doc Type
Debt Coverage Ratio
Amortization
Interest Only
Investment Summary
Renovate and update kitchen cabinets and flooring. Open wall and install island. Sheetrock and paint living room, dining room, entryway and hallways. Paint bedrooms. Remodel bathrooms to make 3 full baths. Bathroom 1 - Remove tub, install a standing shower. Wall in door create a new door from master bedroom. Relocate toilet sink and vanity. Bathroom 2 - Install shower tub combo. Wall in existing door. Remove linen closet. Install new toilet sink vanity and closet. Bathroom 3 - Enclose bathroom, Install new standing shower, tile bathroom. Relocate laundry room. Enclose family room. Install outside patio.
Top