201-942-9089 info@abl1.net

Westfield, New Jersey Fix and Flip Loan

Address: Westfield, New Jersey
Purchase Price: $515,000
Renovation Budget: $30,000
Loan Amount: $442,000
Cash Available for Purchase: $412,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $790,000

Situation:

ABL continues to close hard money loans in the state of New Jersey. This month, we closed a fix and flip loan in Westfield New Jersey with a loan amount of $442,000. This experienced investor is only planning $30,000 in renovations. However, these minor additions are expected to boost the value of his property significantly! The house will be equipped with all new wood flooring as well as a completely refinished basement. New bathrooms will be included in the house with updated tiles and fixtures. To top it off, our investor will coat the interior walls with fresh paint and install new kitchen cabinets and countertops. We’re looking forward to seeing the finished product and sharing photos on our site!