Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 20 Dougal Ave, Livingston, NJ 07039
Recently Funded

Realty Guru, LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
9.75%
Loan to cost
80%
Loan to ARV
60.4%
Total Loan Amount
$465,100.00
Initial loan amount
$304,000.00
Rehab/Const Loan amount
$179,000.00
Transaction type
Purchase
Loan program
1 Year Fixed
Doc Type
Full
Amortization
Interest Only
Investment Summary
Upgrading a 3 bed 1.5 bath home to 4 bed 3 bath home. Adding a 2 car garage and a master suite. New roof for addition. Gut- rehab of interiors. New bathrooms and kitchen. Exterior and interior painting. Add new windows in the addition and replacing a few existing windows. New doors throughout the interior. Upgraded landscaping. New A/C unit and ducting. We will be going with a medium end finishings. 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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