Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 308 7th Avenue West, Newark, NJ 07107
Recently Funded

Angelo Durante


Property Type: 3 unit building

Development Phase:

Full Renovation

Rate
9.49%
Loan to cost
90%
Loan to ARV
59.76%
Total Loan Amount
$239,040.00
Initial loan amount
$225,000.00
Rehab/Const Loan amount
$15,600.00
Transaction type
Purchase and Rehabilitation
Loan program
30 Year Fixed
Doc Type
Debt Coverage Ratio
Amortization
Interest Only
Investment Summary
Repair roof, fix leak to basement bathroom, replace 6 doors on 1st & 2nd floors, paint hallways, 1st & 2nd floor apartments, sand hallways, paint front porch, replace kitchen cabinets, replace kitchen appliances, replace missing hallway railing spindles, replace broken gutters, add downspouts
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