BD Capital | Jersey City, NJ

495

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Jersey City, NJ

About This Project

Acquisition Price: $$370,000
Construction: $500,000
Sale Price: $1,258,532
Profit: $289,467
Project Return: 29%
Notes: BD Capital provided borrower an 85% loan on acquisition and 100% funding of the construction in order to gut renovate an old two family home into a new modern two unit condo building. After a year of development borrower sold both units above the projected prices and made a 29% return on project.