Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 282 Garfield Street, Berkeley Heights, NJ 07922
Recently Funded

Benchmark Property Group, LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
9.49%
Loan to cost
90%
Loan to ARV
70%
Total Loan Amount
$507,500.00
Initial loan amount
$369,000.00
Rehab/Const Loan amount
$186,200.00
Transaction type
Purchase and Rehabilitation
Loan program
30 Year Fixed
Doc Type
Debt Coverage Ratio
Amortization
Fully Amortized
Investment Summary
Update 3 bedrooms with new paint, trim light fixtures, and doors. Gut, re-plumb, re-wire existing 2 full baths 1 half bath. Add addition over existing half of house, install new kitchen, sand and refinish floors, frame and finish existing ground level, finish basement. New electrical service, redo plumbing throughout, changeout existing furnace and add air conditioner, add new HVAC system for addition.Paint and retrim house.
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