Loan Strategy:
Bridge

Location:
308 Sherman St, Passaic, NJ 07055, USA

10% 59% 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: 06/06/18
  • Maturity Date: 12/06/19

Investment Purpose & Strategy

  • Loan Purpose: Refinance & Construction
  • Loan Strategy: Bridge
  • Property Purchase Price: $ 145,000
  • Construction Budget: $ 804,122

LTV Details

  • Market Value: $ 1,200,000
  • Loan to Value: 59%

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Description

This property is fully funded

2019-11-25T17:26:31-05:00