Deal Status

Active

Property Address

1330 Carl Miller Blvd, Camden NJ 08104, Camden NJ New Jersey 08104

Requested Loan Amount

$50,000

Loan to Value

110%

Loan Term

24 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Refinance

Collateral and Loan Details

Property Type

Triplex

Number of Bedrooms

5

Number of Bathrooms

3

Owner Occupied

No

Loan Type

Purchase, Rehab & Rent

Property Sq. Footage

2,200

Will additional properties be collateralized?

No

Borrower Entity

Individual(s)

Borrower Credit Rating

Good

Property Photos

Attachments

Comments

Hello. This project is already under contract and ready to close in June 2020. I already have $3000 in escrow as a deposit and signed agreements with South Jersey Title Agency. I have a local contractor on standby ready to fix the unit in 30 days and I have a local property manager to secure tenants for each of the 3 units. The monthly rent roll = $2200.

Gross Income (annually) - $24,816
Expenses / Overhead - $4158
Net Operating Income - $20,658


I also have a Cash Flow Analysis in a Google document to share when requested

First Name

Greg

Last Name

Harris

Phone Number

(856) 308-9005

Role

Borrower

Location

Camden, New Jersey

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