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Property Listing

Fix Flip LOC Draw in New Providence, NJ

Posted by Robert Shamie // November 26, 2017
Transaction Overview

We recently funded this deal in New Providence, NJ for one of our best clients.  We funded 90% o the purchase price, 95% of the construction at 75% of the estimated ARV.  The property appraised $25,000 higher than the purchase price in its current condition!  This is a testament to making your money when you buy.

Property Details

Purchase Price $345,000 Loan Amount $357,740 Loan Type Fix Flip Line of Credit Draw
Interst Rate 7.49% Loan to Cost 90% Property Type Single Family
Investment Objective Fix/Flip to Retail % of After Repair Value Financed 75% % of Construction Financed 95%
Property Details
Purchase Price $345,000Loan Amount $357,740Loan Type Fix Flip Line of Credit Draw
Interst Rate 7.49%Loan to Cost 90%Property Type Single Family
Investment Objective Fix/Flip to Retail% of After Repair Value Financed 75%% of Construction Financed 95%

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