Información General

  • TIR%: 9
  • 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: 210k USD
  • Completado: 100%

Información Adicional

  • 80 Washington St
  • Reading
  • MA
  • Estados Unidos

Fund That Flip closed the loan on this property on January 18, 2017. Your investment will begin accruing interest on the day it clears escrow.

Fund That Flip has provided $192,983 to the developer at closing for an as-is loan-to-value of 71.5%. Fund That Flip is holding back $11,317 for 6 months of pre-paid interest.

The construction budget is $125,000. Fund That Flip will not be financing the construction rehab for this loan but we have verified the borrowers reserves to be sufficient to complete the project.

Over the course of the project, the developer will contribute an estimated $219,033 in equity, including an estimated $77,017 at the time of closing. The total loan-to-ARV is 33.6%.

There is a 3 month pre-payment penalty, meaning investors will earn interest through April 18, 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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