201-942-9089 info@abl1.net

Pennsauken NJ Fix And Flip Hard Money Loan

Address: Pennsauken, NJ
Purchase Price: $47,600
Renovation Budget: $30,120
Loan Amount: $57,120
Cash Available for Purchase: $27,000
Cash Available for Renovation: $30,120
Loan Structure: 12 Month Interest Only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $135,000

Situation:

Asset Based Lending recently funded a $57,120 hard money loan for a fix and flip property in Pennsauken, NJ. These investors definitely have their work cut out for them! The interior of the property will be updated with new drywall and flooring. The kitchen and bathrooms will be renovated and updated with modern furnishings and top of the line appliances. All interior doors and windows will be replaced, and the entire home will be re-painted. Once the interior is completed, our investors will move outside where they will repair the existing siding on the home, and boost their property’s “curb-appeal” with a bit of landscaping. Along with the cosmetic upgrades, our investors plan to install brand new plumbing, electrical and HVAC systems. We are patiently waiting to see the finished product!