In late 2014, YC Funding closed a $150,000 hard money loan for a single family home fix & flip project in Plainfield, NJ. The purchase price was $72000. The Borrower plans to complete the rehab and flip back onto the market for $240000, so the loan-to-value is 62.5%. The loan term is 1 year. The borrower has completed 16 home flips in the last 3.5 years.