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Heavy Rehab -
Chatham, NJ (
$1,396,000)
Advest Financial announced that its private lending fund, the Advest Short Duration Real Estate Fund I, has provided a $1,396,000 loan in Chatham, NJ.
The property is located in the Wickham Woods section of Chatham and it was built in 1971. The nine-month project is a whole house renovation and has an ARV of $2,200,000. Advest provided $924,843 of funds at acquisition and will lend an additional $471,157 for construction.
The borrower has 25 years of experience and has successfully completed flip projects in Madison and Chatham, New Jersey.