201-942-9089 info@abl1.net

Wayne NJ Hard Money Loan For New Construction

Address: Wayne, NJ
Purchase Price: $260,000
Renovation Budget: $246,000
Loan Amount: $437,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And New Construction
ARV: $672,000

Situation:

This experienced real estate investor found ABL through a broker, and needed a hard money loan to fund the acquisition of a property and subsequent new construction. The plan is to demolish the existing property and complete a modular build on top of what remains. The investor has already completed 25 similar projects in the last year.