Situation:

This experienced team came to ABL seeking a hard money loan for a fix and flip project in Paterson, New Jersey after they acquired a fixer upper in an online auction. This is truly the ultimate investing team as they cover all aspects of a deal from buying to renovating to selling their investment property. The scope of work includes a small renovation but is poised to boost the value of the property tremendously! After updating the bathrooms and kitchens and doing some general property upkeep, the ARV is set at $245,000. ABL wishes our borrowers the best of luck and is eager to see and share the results of the final project!