Loan Strategy:
Bridge

Location:
1046 E 228th St, The Bronx, NY 10466, USA

9.5% 74% 12 mo.
Rate LTV Term

Rate Detail

  • York Mortgage Rate: 9.5%
  • Management Fee: 1.5%
  • Net Investor Rate: 8%

Investment Overview

  • Originator: York Funding LLC
  • Lien Type: First Mortgage
  • Repayment Type: Interest only
  • Origination Date: 06/26/19
  • Maturity Date: 06/26/20

Investment Purpose & Strategy

  • Loan Purpose: Acquisition & Renovation
  • Loan Strategy: Bridge
  • Property Purchase Price: $ 441,000
  • Rehab Budget: $ 175,300

LTV Details

  • Market Value: $ 775,000
  • Loan to Value: 74%

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Description

This property is fully funded

2019-12-16T15:07:29-05:00