Bellmawr NJ Fix And Flip Hard Money Loan
Address: Bellmawr, NJ
Purchase Price: $76,500
Renovation Budget: $25,000
Loan Amount: $81,000
Cash Available for Purchase: $56,000
Cash Available for Renovation: $25,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $142,000
Situation:
Asset Based Lending recently funded a fix and flip loan for a repeat borrower in Camden County, New Jersey. The scope of work for renovations of the 1,248 square foot ranch includes converting extra space into a third bedroom, and overhauling the kitchen and bathroom. The borrower will also upgrade the flooring and paint throughout the property.
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