BD Capital | Jersey City, NJ
portfolio_page-template-default,single,single-portfolio_page,postid-495,ctct-bridge,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-16.9,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-6.7.0,vc_responsive

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.