Fix & Flip in Clifton, NJ

BD Capital provided borrower an 80% loan on acquisition and 100% funding of the construction in order to moderately renovate a single family in Clifton for $60,000. Within one month of owning the property the borrower found a buyer that only requested $15,000 of the initially proposed construction costs, therefore selling the property within five months of the acquisition. BD capital’s lack of early termination fee allowed the borrower to sell the property quickly without being penalized and start another project.