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Renovation - Morristown, NJ
(
$568,000)
Advest Financial announced last week that its private lending fund, the Advest Short Duration Real Estate Fund I, has provided a $568,000 loan in Morristown, NJ.
The twelve-month project is a whole house renovation and has an ARV of $875,000. The overall look and feel when complete is that of a modern lake house with an open floor plan. Advest is working with the borrower's projected timetable and will provide quick access to funds during the construction phase. The real estate investor is experienced and has a proven track record of success.