Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 162 Springfield Avenue, East Orange, NJ 07017
Recently Funded

North Star Investors LLC


Property Type: 3 unit building

Development Phase:

Full Renovation

Rate
8.49%
Loan to cost
90%
Loan to ARV
64.16%
Total Loan Amount
$179,640.00
Initial loan amount
$162,000.00
Rehab/Const Loan amount
$19,600.00
Transaction type
Purchase and Rehabilitation
Loan program
Fix/Flip LIne of Credit
Doc Type
Debt Coverage Ratio
Amortization
Fully Amortized
Investment Summary
Replace porch ceiling and floor beams; repair roof, gutters basement pipe leak, sheetrock & remediate mold; replace 4 windows and siding shingle repair
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