Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 20 Lincoln Ave, West Orange, NJ 07052
Recently Funded

Realty Guru, LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
9.9%
Loan to cost
90%
Loan to ARV
69.38%
Total Loan Amount
$260,190.00
Initial loan amount
$189,000.00
Rehab/Const Loan amount
$79,100.00
Transaction type
Purchase and Rehabilitation
Loan program
1 Year Fixed
Doc Type
Streamline
Amortization
Fully Amortized
Investment Summary
Fully renovating a 3 bed 1.5 bath home to 3 bed 2.5 bath home. Adding a new full-bath in the main level. New bathrooms and kitchen. Interior painting. Add new windows where needed. Refinish existing interior doors throughout the house. New exterior doors. Renovated landscaping. New duct-less A/C system. We will be going with a medium-end finishings. New furnace. Opening up the basement and adding carpet. Basement will not be fully finished, but the walls and the ceiling will be painted. New water heater. New 1/2 bath in the basement. For reference, please see this video of our past rehabs to get an idea of the quality of work: https://realtygurullc.wistia.com/projects/vjptz0pwr0 (Maplewood, NJ property) and https://realtygurullc.wistia.com/projects/11k5iwus7q (Livingston, NJ)
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