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Fix & Flip Funded By Hard Money Lender In Roselle NJ

Address: Roselle, NJ
Borrower Profile: Experienced Investor
Work Description: Fix and Flip - Single Family
Purchase Price: $145,000
Renovation Budget: $54,000
Loan Amount: $169,000
Cash Available for Purchase: $115,000
Cash Available for Renovation: $54,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $280,000

This repeat borrower and experienced real estate investor came to Asset Based Lending for a hard money loan for finance a fix and flip in Roselle, New Jersey. The 2,300 square foot single family property in Union County NJ was found on the MLS, and will require $54,000 in renovations. The scope of work for the renovation includes minor roof repairs, new garage doors, a new hot water heater, new hardwood floors, HVAC installation, gutting the kitchen and bathrooms, as well as adding a full bathroom in the basement.

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