Loan amount
$1,300,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$2,500,000
{PP:$1}
ARV
52%
{ARV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
20 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
South Orange
State
New Jersey
Loan Details
Down payment
$1
Cost of improvements
$1,300,000
Estimated property value after repairs
$2,500,000
Additional Loan Information
8,600-square-foot estate property in South Orange, NJ. In addition to its size, architecture and location, the property has a notable historical character. A substantial portion of the heavy construction and renovation has been completed.
Cost overruns and lack of capital caused delays. The purpose of the loan is foreclosure avoidance and renovations. The exit will be resale. LTV=50-60%. $300K al construction capital is required to complete the remaining work. 6-12 month project. Exit=Resale. Seasoned builder/developer
Cost overruns and lack of capital caused delays. The purpose of the loan is foreclosure avoidance and renovations. The exit will be resale. LTV=50-60%. $300K al construction capital is required to complete the remaining work. 6-12 month project. Exit=Resale. Seasoned builder/developer
Status
Open
Created
August 27, 2026 - 3:44pm
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