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.