Situation:

ABL continues to be the go to source for hard money loans in the state of New Jersey! This cash out & new construction loan came from Somerset County in the town of Watchung. This contractor plans to put a ton of work into his project: the construction budget is a whopping $400,000! It will be worth the money and effort, though, in the end the property is appraised to increase in value by approximately $300,000. He plans to completely demolish the existing structure and start from the ground up. Aside from a brand new kitchen and bathrooms, the investor chose to add “wow” factors to this property: the home will feature a wood deck and stone patios, a fireplace, ceramic tiles, hardwood flooring, an alarm system and beautiful exterior landscaping. Be sure to find this property on one of our case studies upon completion!