Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 22 Race Street, Nutley, NJ 07710
Recently Funded

Red Door Investments, LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
7.99%
Loan to cost
90%
Loan to ARV
51.48%
Total Loan Amount
$347,480.00
Initial loan amount
$198,900.00
Rehab/Const Loan amount
$156,750.00
Transaction type
Purchase and Rehabilitation
Loan program
Fix/Flip LIne of Credit
Doc Type
Debt Coverage Ratio
Amortization
Interest Only
Investment Summary
The project will be to add a two story addition on the property. We will be tying the new section in and matching it to the existing property.
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