Loan Strategy:
Bridge

Location:
1911 Bussing Ave, The Bronx, NY 10466, USA

12% 62% 12 mo.
Rate LTV Term

Rate Detail

  • York Mortgage Rate: 12%
  • Management Fee: 2%
  • Net Investor Rate: 10%

Investment Overview

  • Originator: York Funding LLC
  • Lien Type: First Mortgage
  • Repayment Type: Interest only
  • Origination Date: 08/11/17
  • Maturity Date: 02/11/20

Investment Purpose & Strategy

  • Loan Purpose: Acquisition & Renovation
  • Loan Strategy: Bridge
  • Property Purchase Price: $ 252,000
  • Rehab Budget: $ 60,000

LTV Details

  • Market Value: $ 400,000
  • Loan to Value: 62%

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Description

This property is fully funded

2019-12-13T09:18:03-05:00