201-942-9089 info@abl1.net

Irvington NJ Fix And Flip Loan

Address: Irvington, NJ
Purchase Price: $70,000
Renovation Budget: $70,000
Loan Amount: $112,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $200,000

Situation:

Asset Based Lending recently funded a hard money fix and flip loan that came to us through a trusted hard money loan broker. This investor group is managed by three partners with a variety of experience in the real estate and financial industries. The scope of work for this mutli-family building in Irvington NJ includes new plumbing and electrical systems, overhauled kitchens, and exterior cosmetic upgrades.