Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 619 Freeland Ave, Paramus, NJ 07652
Recently Funded

Green Door Investments LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
7.99%
Loan to cost
90%
Loan to ARV
59.8%
Total Loan Amount
$687,750.00
Initial loan amount
$360,000.00
Rehab/Const Loan amount
$345,000.00
Transaction type
Purchase and Rehabilitation
Loan program
Fix/Flip LIne of Credit
Doc Type
Full
Amortization
Fully Amortized
Investment Summary
The existing structure will be demoed leaving one existing wall. The new foundation will be dug and poured. A new structure of approx 3,116 square fuilt will be framed , sheathed and sided. A new roof will be installed .New windows and doors to be installed. New kitchens, baths will be completed including tile and fixture credits. New hardwood floors to be installed with interior doors and trim. Entire structure to be painted and cleaned for delivery.
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