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Hard Money Fix and Flip Loan in Eatontown, NJ

Address: Eatontown, NJ
Borrower Profile: Experienced Investor
Purchase Price: $250,000
Renovation Budget: $75,000
Loan Amount: $275,000
Cash Available for Purchase: $200,000
Cash Available for Renovation: $75,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $425,000

Situation:

This investor is making his $75,000 renovation budget do a lot of work: he’s going to replace all the windows, knock down a wall to open up the floor plan, and install a new furnace and AC unit to start. After that, he’ll remodel both full baths and the kitchen, as well as install all-new flooring and carpet. This investor knows the power of paint – he’s adding a fresh coat to each interior room to show off his renovated home to its full advantage. We’re sure the home will be worth nearly half a million dollars once he’s finished with this fix and flip!