Purchase Bridge Loan for Family Home in Irvington, New Jersey

Funded by IceCap Group

$154,750

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

10/09/2018

Property Type
2-4 Units Residential
Property City

Irvington

Property State

NJ

Lien Type

1st Mortgage

Payment Type

Interest Only

After-Repair Value

$250,000

Lot Square Footage

3,000

Deal Summary

IceCap Group, a direct private lending firm, funded a $154,750 1st lien position bridge loan for the acquisition of a 2-unit family home in Irvington, New Jersey. The subject property was built in 1905 and sits on over 3,000 square feet of land. After renovations, the property will be worth $250,000. This purchase bridge loan was funded in October 2018.

Funded By

IceCap Group

Flexible & Friendly Funding for Property Investors Across the Country