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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
11/28/2023
Property Type
2-4 Units Residential
Property City
Bronx
Property State
NY
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$720,000
Loan-to-Purchase Price
95%
Borrower's Contribution to Purchase
5%
Source of Borrower's Contribution
Cash
Renovation Budget
$50,000
Renovation Budget Funded
100%
Borrower's Contribution to Budget
0%
Renovation Project Scope
Light Rehab
Property Neighborhood
Bronx, NY
Location Type
Urban
Property Condition
Fair
Occupancy at Closing
Vacant
Number of Units
3
Borrower's Plan
Rehab and Rent
Exit Strategy
Refinance
Borrower Credit Rating
Average
Funded By
Bayport Funding
Balance Sheet Lender for Residential & Multifamily Real Estate Investors
Dealmakers
Tali Kabilo
Relationship Manager