BD Capital | Springfield, NJ
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Springfield, NJ

About This Project
  • Building: Multiple Single Family Houses
  • Acquisition: $900,000
  • Construction: Each house $375,000 and $350,000 in site work
  • Sale: $895,000 per house
  • Project Return: 15%
  • Notes: The borrower acquired an old farm land that he converted into four new luxury houses. The borrower is well known in the market and before the houses even hit the market, they were pre-sold and BD Capital was taken out before completion.