Transaction Details

Fix/Flip LOC Draw, NJ


Fix/Flip LOC Draw | 905-907 South 17th Street, Newark, NJ 07108
Recently Funded

North Star Investors LLC


Property Type: 3 unit building

Development Phase:

Full Renovation

Rate
9.49%
Loan to cost
87.5%
Loan to ARV
75%
Total Loan Amount
$210,000.00
Initial loan amount
$210,000.00
Rehab/Const Loan amount
$21,700.00
Transaction type
Purchase and Rehabilitation
Loan program
30 Year Fixed
Doc Type
Debt Coverage Ratio
Amortization
Interest Only
Investment Summary
Roof and soffits will be repaired. Basement pipes will be replaced and repaired. Electrical boxes rewired and upgraded. First floor ceilings and walls will be repaired and painted. Floors will be upgraded. 3rd floor will be cleaned out. Bathroom will be upgraded with new toilet, vanity, tub, tiles. New appliances and cabinets in kitchen. New sheet rock and paint.
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