Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 1047 Jaques Ave, Rahway, NJ 07065
Recently Funded

Candor Homes LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
8.49%
Loan to cost
90%
Loan to ARV
46.76%
Total Loan Amount
$112,225.00
Initial loan amount
$57,600.00
Rehab/Const Loan amount
$57,500.00
Transaction type
Purchase and Rehabilitation
Loan program
Fix/Flip LIne of Credit
Doc Type
Streamline
Amortization
Interest Only
Investment Summary
2 baths gutted and redone. Roof over kitchen to be replaced. Kitchen to be completely gutted and redone. Windows to be replaced as needed. Basement to be gutted and inside oil tank removed. Home to be converted to gas heat with new boiler installed. Hardwood floors to be refinished. Entire interior to be painted. New light fixtures to be installed.
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