Loan Strategy:
Bridge

Location:
51 Meadow St, Demarest, NJ 07627, USA

11% 32% 12 mo.
Rate LTV Term

Rate Detail

  • York Mortgage Rate: 11%
  • Management Fee: 2%
  • Net Investor Rate: 9%

Investment Overview

  • Originator: York Funding LLC
  • Lien Type: First Mortgage
  • Repayment Type: Interest only
  • Origination Date: 03/01/18
  • Maturity Date: 03/01/20

Investment Purpose & Strategy

  • Loan Purpose: Acquisition & Construction
  • Loan Strategy: Bridge
  • Property Purchase Price: $ 625,000
  • Construction Budget: $ 395,000

LTV Details

  • Market Value: $ 1,900,000
  • Loan to Value: 32%

View on map / Neighborhood

Description

This property is fully funded

2019-11-20T16:24:51-05:00