Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 467 Plainfield Ave, Berkely Heights, NJ 01714
Recently Funded

Inest Property Solutions LLC


Property Type: Single Family

Development Phase:

Full Renovation

Rate
9.89%
Loan to cost
90%
Loan to ARV
70%
Total Loan Amount
$420,000.00
Initial loan amount
$360,000.00
Rehab/Const Loan amount
$87,938.00
Transaction type
Purchase and Rehabilitation
Loan program
1 Year Fixed
Doc Type
Streamline
Amortization
Fully Amortized
Investment Summary
Property is currently have 2 bathrooms and 1 bath on first for and same for second floor. We will be adding front shed dormer to add about 220 square feet to the house, making 1 master suite with master bathroom + a walk-in closet, and another 2 bedrooms with a share bathroom on the second floor. We are rearranging the first floor bedroom and bathroom to make it into a laundry room, a bathroom and a bigger kitchen area. There will be a total 4 bedrooms 3 baths for this house.
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