Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 85 Montrose Ave, Fanwood, NJ 07023
Recently Funded

R. Iaione Companies Inc


Property Type: Single Family

Development Phase:

Full Renovation

Rate
8.49%
Loan to cost
86.25%
Loan to ARV
40.59%
Total Loan Amount
$310,500.00
Initial loan amount
$310,500.00
Rehab/Const Loan amount
$274,853.00
Transaction type
Bridge
Loan program
Fix/Flip LIne of Credit
Doc Type
Full
Amortization
Interest Only
Investment Summary
Existing home will be gutted and rebuilt according to all latest buildingcodes and standards, including the additions of a master bedroom and family room. Plans will be submitted to twsp for approvals and all required permits will be acquired before the commencement of any work. All work will be inspected by twsp inspectors, as per the prevailing International building codes and standards and a Certificate of Occupancy will be acquired upon completion of construction.
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