Loan Strategy:
Bridge

Location:
409 Ocean Ave, Jersey City, NJ 07305, USA

10% 65% 12 mo.
Rate LTV Term

Rate Detail

  • York Mortgage Rate: 10%
  • Management Fee: 2%
  • Net Investor Rate: 8%

Investment Overview

  • Originator: York Funding LLC
  • Lien Type: First Mortgage
  • Repayment Type: Interest only
  • Origination Date: 04/24/18
  • Maturity Date: 10/24/19

Investment Purpose & Strategy

  • Loan Purpose: Acquisition & Renovation
  • Loan Strategy: Bridge
  • Property Purchase Price: $ 1,510,000
  • Rehab Budget: $ 1,589,950

LTV Details

  • Market Value: $ 4,250,000
  • Loan to Value: 64%

View on map / Neighborhood

Description

This property is fully funded

2019-11-20T12:32:47-05:00