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Property Listing

Fix/Flip LOC Draw in Rahway NJ

Posted by Robert Shamie // December 7, 2017
Transaction Overview

This deal funding coincided with the approval of a fix/flip line of credit application.  The process of obtaining the line of credit approval was 32 days.  Moving forward, this client will be able to obtain draws from his 1,250,000 line of credit within 7 days of submission of only two documents.  We funded 90% of the purchase price and 95% of the construction costs at 75% ARV.  We love to help our clients make $$$.

Property Details

Purchase Price $180000 Loan Amount $209,500 % of Purchase Financed 90%
% of Construction Financed 95% Investment Objective Fix/Flip to Retail Loan Product Fix/Flip Line of Credit
% of After Repair Value Financed 75% Interest Rate 8.49% Property Type Single Family
Property Details
Purchase Price $180000Loan Amount $209,500% of Purchase Financed 90%
% of Construction Financed 95%Investment Objective Fix/Flip to RetailLoan Product Fix/Flip Line of Credit
% of After Repair Value Financed 75%Interest Rate 8.49%Property Type Single Family

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