Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 116 Summer Ave, Newark, NJ 07104
Recently Funded

Angelo Durante


Property Type: 3 unit building

Development Phase:

Full Renovation

Rate
9.49%
Loan to cost
90%
Loan to ARV
71.98%
Total Loan Amount
$197,955.00
Initial loan amount
$180,000.00
Rehab/Const Loan amount
$19,950.00
Transaction type
Purchase and Rehabilitation
Loan program
Fix/Flip LIne of Credit
Doc Type
Debt Coverage Ratio
Amortization
Interest Only
Investment Summary
Demo 3rd floor, repair plumbing, upgrade panels and windows, sheetrock, new flooring, new cabinets, new toilets and vanities
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