Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 168 North 12th Street, Newark, NJ
Recently Funded

Northstar Investors, LLC


Property Type: 3 unit building

Development Phase:

Full Renovation

Rate
8.49%
Loan to cost
90%
Loan to ARV
75%
Total Loan Amount
$213,750.00
Initial loan amount
$180,000.00
Rehab/Const Loan amount
$37,000.00
Transaction type
Purchase and Rehabilitation
Loan program
Fix/Flip LIne of Credit
Doc Type
Full
Amortization
Interest Only
Investment Summary
Structural - Remove and dispose of old soffits, Construct new outside wall of house. New Gutters. Repairs Rotted wood. Replace support beam under second floor balcony. Replace floor on second floor balcony Paint - front hallway and second floor apartment. Drywall - Front hallway walls need to be repaired Electrical - Replace switches and outlets and repair electrical panel Plumbing - Repair multiple leaks on second and third floor bathrooms Install new toilet and vanity on the third floor. Replace Windows Roof - front roof around balcony replaced
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