Información General

  • TIR%: 10.5
  • 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: 150k USD
  • Completado: 100%

Información Adicional

  • 275 Willowwood Dr
  • 60543
  • Oswego
  • IL
  • Estados Unidos

Fund That Flip closed the loan on this property on December 29, 2016. Your investment will begin accruing interest on the day it clears escrow.

Fund That Flip has provided $140,850 to the developer at closing for an as-is loan-to-value of 68.7%. Fund That Flip is holding back $4,650 for 3 months of pre-paid interest.

The construction budget is $60,000. Fund That Flip will finance 0.0% and will be released to the borrower as work is completed. The construction draws will be made in 0 equal distributions of NaN% as work is completed and verified. The final draw will be release after all work is verified to be complete.

Over the course of the project, the developer will contribute an estimated $133,300 in equity, including an estimated $64,150 at the time of closing. The total loan-to-ARV is 45.0%.

There is a 3 month pre-payment penalty, meaning investors will earn interest through March 29, 2017, 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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