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Fix And Flip Loan In West Milford New Jersey

Address: West Milford, NJ
Purchase Price: $130,000
Renovation Budget:
Loan Amount: $141,000
Cash Available for Purchase: $101,000
Cash Available for Renovation: $40,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $235,000

Situation:

Asset Based Lending recently funded a $141,000 loan for a fix and flip property in West Milford, NJ. Our investors plan on completing an interior rehab including a partial demolition, a completely new kitchen with stainless steel appliances and granite countertops, bathroom upgrades and fresh paint throughout. Along with cosmetic enhancements, our investors intend to add a new roof and HVAC system to the property. They plan to complete all renovations in just under a month; we can’t wait to see the finished product!