General Information

  • IRR%: 9
  • CoC%: -
  • Minimum: 5k USD
  • Type: -
  • Asset: -
  • Investors: 0
  • Start Date: 2018-04-10
  • End Date: 2018-06-10
  • Target: 181k USD
  • Completed: 100%

Additional Information

  • 4310 E Barcelona Way
  • 30906
  • Augusta
  • GA
  • United States

Fund That Flip closed the loan on this property on December 22, 2017. Your investment will begin accruing interest on the day it clears escrow.

Fund That Flip has provided a first distribution of $163,985 to the developer at closing for a loan to purchase of 58.6%. Fund That Flip is holding back $5,405 for 3 months of pre-paid interest.

No construction will be done on this property. The property was purchased as a tenanted rental property. The borrower will continue to hold the property as a rental and refinance out of FTF's loan with another lender.

Over the course of the project, the developer will contribute an estimated $133,031 in equity, including an estimated $116,015 at the time of closing. The total loan-to-ARV is 64.6%. There is a 3 month pre-payment penalty, meaning investors will earn interest through March 22, 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.

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Fund That Flip

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