Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 46 E. Cedar St, Livingston, NJ 07039
Recently Funded

Realty Guru, LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
9.9%
Loan to cost
90%
Loan to ARV
69.06%
Total Loan Amount
$455,823.00
Initial loan amount
$292,500.00
Rehab/Const Loan amount
$181,470.00
Transaction type
Purchase and Rehabilitation
Loan program
1 Year Fixed
Doc Type
Streamline
Amortization
Interest Only
Investment Summary
The house, as it stands now, is a 3 bed 2 bath house. We will do close to 600 sq ft of addition on two stories that will include a 2 car attached garage and a master suite above the garage. The final house will be a 4 bed 2.5 bath house with attached garage and a finished basement along with extra storage and 2 zone HVAC system. All new kitchen with new appliances and all three bathrooms will be new. The exterior will feature an open porch and new paint. The interior will feature all wood floors and fresh paint and trim. All new doors and windows as well. 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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