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Fix And Flip Hard Money Loan In Fairfield NJ

Address: Fairfield, NJ
Borrower Profile: Real Estate Professionals
Purchase Price: $381,000
Renovation Budget: $150,000
Loan Amount: $422,000
Cash Available for Purchase: $305,000
Cash Available for Renovation: $117,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $650,000

Situation:

This husband and wife real estate team has many years of experience building and renovating properties in the state of New Jersey. This property was found at autction, and requires extensive work. The rehab schedule for this fix and flip includes adding an additional bedroom and bathroom with around 1,200 square feet. The rest of the property will be completely gutted, upgraded, and modernized to match the local market demand.