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.