In late 2014, YC Funding closed a $550,000 hard money loan for a single family home fix & flip project in Livingston, NJ. The purchase price was $575000. The Borrower plans to complete the rehab and flip back onto the market for $815000, so the loan-to-value is 67.5%. The loan term is 1 year. The borrower has closed multiple loans from YC Funding or one of its affiliates.