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Originally published on September 1, 2026
New borrower looking to purchase, renovate, and sell this single-family home in South Plainfield, NJ. An ARV of $620k supports a very strong ROI for the deal. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the deal’s reserve requirement. Borrower opted for a 12-month loan duration. Total loan amount 90% LTV & 92% LTC.