Loan Strategy:
Bridge

Location:
48 McAdoo Ave, Jersey City, NJ 07305, USA

11% 15% 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: 05/30/19
  • Maturity Date: 05/30/20

Investment Purpose & Strategy

  • Loan Purpose: Refinance & Construction
  • Loan Strategy: Bridge
  • Property Purchase Price: $ 35,000
  • Rehab Budget: $ 88,725
  • Construction Budget: $ 241,025

LTV Details

  • Market Value: $ 635,000
  • Loan to Value: 15%

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Description

This property is fully funded

2019-12-13T09:27:36-05:00