fix and flip investment properties

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Denville, NJ Fix And Flip Hard Money Loan

Address: Denville, NJ
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Gut Renovation - Single Family
Purchase Price: $267,500
Renovation Budget: $135,000
Loan Amount: $360,000
Cash Available for Purchase: $225,000
Cash Available for Renovation: $135,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $480,000
Situation:

For her fourth deal with ABL, this highly experienced and successful investor will do a full-gut renovation on this 4-bed Denville home. Not only will she convert the home style from a cape to colonial, but she’ll change the floor plan and add 700 sq. ft. of living space, including a new master bedroom above the garage – and she’ll do it within four months. Her finished fix and flip won’t sit on the market long, since our borrower already has a potential buyer lined up.

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