Hudson, NY Refinance

Información General

  • TIR%: -
  • CoC%: -
  • Mínimo: 5k USD
  • Tipo de financiación: -
  • Tipo de bien: -
  • Inversores: 0
  • Fecha de Inicio: 2018-04-10
  • Fecha de Fin: 2018-04-10
  • Objetivo: 165k USD
  • Completado: 100%

Información Adicional

  • 14 Tanners Lane
  • 12534
  • Hudson
  • NY
  • Estados Unidos

The borrower previously purchased the property for $32,500, rehabbed the property for a total of $150,000, and is currently renting the property at full occupancy. Fund That Flip estimates the current As-is value to be $263,000. There will be no additional rehab done to this property.

Fund That Flip closed the loan on this property on October 04, 2017. Your investment will begin accruing interest on the day it clears escrow.

Fund That Flip has provided a first distribution of $146,327 to the developer at closing for a loan to purchase of 55.6%. Fund That Flip is holding back $10,248 for 6 months of pre-paid interest.

Over the course of the project, the developer will contribute an estimated $135,348 in equity, including an estimated $116,673 at the time of closing. The total loan-to-ARV is 62.7%. There is a 3 month pre-payment penalty, meaning investors will earn interest through January 04, 2018, even if paid back earlier. The term of the underlying loan is 6 months with an option to extend for an additional 3 months. Should Fund That Flip choose to grant the extension, investors will earn an additional one-time 0.5% fee on their investment.

Proyecto ofrecido por

Fund That Flip

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