hard money lending
Case Studies
Prequalify Today
Back to All Case Studies

Newark, NJ Fix And Flip

Address: Newark, NJ
Borrower Profile: Experienced Investor
Work Description: Extensive Renovation Of Single Family Residence
Purchase Price: $70,000
Renovation Budget: $65,000
Loan Amount: $100,000
Cash Available for Purchase: $50,000
Cash Available for Renovation: $50,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $168,000
Sale Price: $230,000
Situation:

This investor came to ABL seeking a loan from a reputable hard money lender. He had big renovation plans and executed perfectly! The finished product includes new hardwood floors, a brand new deck, sliding doors, and a completely remodeled master bathroom. The finished basement opens up the living space and instantly adds value to this one level home. Another selling point is this property’s kitchen. It features granite countertops, top of the line stainless steel appliances, and a modern subway tile backsplash. This investor knew the importance of keeping the colors of his investment property neutral. He decided to coat the interior with fresh layers of grey and beige paint to appeal to the mass market of buyers. By laying down a paved driveway and cleaning up the landscaping surrounding the home, the investor assured that the house was move in ready! His plans and hard work paid off when the home sold above its asking price for $230,000!

Outcome:

Take a look at the before and after video to see the transformation for yourself!

Bathroom - Before
Hard money lender in Newark NJ
Bathroom - After
hard money fix and flip loan in NJ
Kitchen - Before
NJ hard money loan for fix and flip
Kitchen - After
Prequalify For A Hard Money Loan Today
Get Started
Menu