Loan Strategy:
Bridge

Location:
414 1st St, Jersey City, NJ 07302, USA

10.5% 62% 12 mo.
Rate LTV Term

Rate Detail

  • York Mortgage Rate: 10.5%
  • Management Fee: 2%
  • Net Investor Rate: 8.5%

Investment Overview

  • Originator: York Funding LLC
  • Lien Type: First Mortgage
  • Repayment Type: Interest only
  • Origination Date: 08/04/17
  • Maturity Date: 02/04/20

Investment Purpose & Strategy

  • Loan Purpose: Acquisition & Construction
  • Loan Strategy: Bridge
  • Property Purchase Price: $ 976,550
  • Construction Budget: $ 1,212,500

LTV Details

  • Market Value: $ 3,400,000
  • Loan to Value: 62%

View on map / Neighborhood

Description

This property is fully funded

2019-11-22T09:40:59-05:00