18 Quarry Road, Upton

18 Quarry Road, Upton, MA 01568

Renovation complete

Listing planned Oct 5 · expected sale close Nov 20 (projected)

  1. Contract

    May 14

  2. Purchase closed

    Jun 12

  3. Renovation started

    Jun 15

  4. Renovation complete

    Sep 11

  5. Today

    Sep 14 · today

  6. Listing planned

    Oct 5 · projected

  7. Expected sale close

    Nov 20 · projected

Schedule update
Renovation finished Sep 11, 3 days ago · listing planned for Oct 5, 21 days out · sale expected to close Nov 20.
Lien status
No liens recorded.

This week at 18 Quarry Road

See all days

Sep 8 – Sep 14 · 5 days with photos

  • Sep 14

  • Sep 14

  • Sep 14

  • Sep 14

  • Sep 14

  • Sep 11

  • Sep 11

  • Sep 11

  • Sep 11

  • Sep 10

  • Sep 9

  • Sep 8

Project cash

as of Sep 14, 6:05 am

Bank balance61,623.43
Holdback−5,000.00
Pending card charges−1,184.37
Open sub invoices (2)−7,350.00
Unpaid crew statements−3,480.19
Owed to the operating account−3,034.00
Hours logged this week, not yet on a statement−620.00
Estimated crew labor through the end of the week−2,571.20
Loan interest through the projected sale close + 30 days−10,601.07
Utilities & insurance estimate−1,200.00
Available for return of capital26,582.60

A return of capital of $14,499.60 to you is proposed and awaiting approval.

Investor capital in this project totals $110,000.00 across 2 investors. A return of capital is pro-rata by outstanding capital.

My position

Contributed60,000.00
Returned0.00
Outstanding60,000.00
Accrued interest (96 days at 9%)1,420.27
Distributions received0.00
Projected profit share (15% of projected profit)projected8,105.96
Projected interest through Nov 20 (163 days at 9%)projected2,411.51
Projected total at exitprojected70,517.47

Budget vs actual

Budget versus actual by category, with change orders and variance
CategoryOriginalChange ordersActualVariance
Materials38,000.000.0031,420.006,580.00
In-house labor24,000.000.0022,390.001,610.00
Subcontractors22,500.000.0018,900.003,600.00
Permits1,800.000.001,742.0058.00
Dumpsters & equipment2,700.000.002,180.00520.00
Design & misc3,000.000.001,120.001,880.00
Total92,000.000.0077,752.0014,248.00

Financing

Bay State Bridge Capital

Loan principal (10.5%, interest only)
403,850.00
Interest paid to date
9,337.13
Next payment (Oct 1)
3,533.69
Draws received
87,650.00

Recent bank activity

Open full ledger
Sep 14

Uncategorized

Uncategorized

Pending review
−4,915.22
Sep 14

Transfer

Card payment received — the individual card charges are the costs

Reviewed
+4,915.22
Sep 14

Home Depot

Materials · Kitchen

Receipt
−214.40
Sep 14

Crew labor — week of Sep 14

In-house labor · Crew (3) · 21.5 h

Pending review
−620.00
Sep 13

Crew labor — week of Sep 7

In-house labor · Crew (3) · 118 h

Pay statement
−3,394.00
Sep 12

Sherwin-Williams

Materials · Paint

Pending review · Two candidates
−969.97
Sep 11

Ridgeline Plumbing

Subcontractor · Plumbing

Invoice
−4,800.00
Sep 10

Transfer

Company card payment — the individual card charges are the costs

Reviewed
−268.44