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Jamaica, NY — $882,000 Fix and Flip Loan on a Two-Family Home
An $882,000 fix-and-flip loan that funded the purchase of a two-family Jamaica, Queens home for renovation and resale.
$882,000
Loan Amount:
LTV %:
-
Jamaica
City:
Two-Family
Property Type:
Purchase
Transaction Type:
An investor identified a two-family property in Jamaica, Queens to renovate and resell — the kind of time-sensitive purchase where a slow lender means a lost deal.
Essencap provided an $882,000 fix-and-flip loan covering the purchase, structured for a fast close so the investor could move on the property without tying up their own capital. [LTV and renovation amount to confirm from source recap.]
With financing in place, the investor could execute the renovation and exit strategy on schedule.
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