General Information

  • IRR%: -
  • CoC%: -
  • Minimum: 5k USD
  • Type: -
  • Asset: -
  • Investors: 0
  • Start Date: 2018-04-10
  • End Date: 2018-04-11
  • Target: 485k USD
  • Completed: 88%

Additional Information

  • 150 North Scoville Avenue
  • 60302
  • Oak Park
  • IL
  • United States

Fund That Flip closed the loan on this property on August 5th, 2016. Your investment will begin accruing interest on the day it clears escrow.

Fund That Flip will provide $313,838 to the developer at closing for an as-is loan-to-value of 76.2%. Fund That Flip is holding back pre-paid interest of $15,736, which represents interest for the balance of the current month and the next 3 months.

Over the course of the project, the developer will contribute an estimated $160,123 in equity, including an estimated $113,235 at the time of closing. The total loan-to-ARV is 62.3%.

There is a 3 month pre-payment penalty, meaning investors will earn interest through November 5th, 2016, 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 chose to grant the extension, investors will earn an additional one-time .5% fee on their investment.

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