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Fix And Flip Hard Money Loan In Glen Rock NJ

Address: Glen Rock, NJ
Borrower Profile: Experienced Investor & Builder
Purchase Price: $250,000
Renovation Budget: $130,000
Loan Amount: $323,000
Cash Available for Purchase: $193,000
Cash Available for Renovation: $130,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $520,000

Situation:

These repeat borrowers and experienced real estate investors financed this single family fix and flip with a hard money loan from Asset Based Lending. The scope of work for renovations includes a total gut renovation of the interior rooms, rebuilding the garage, and adding 150 square feet to the home. With these investors’ track records, we can wait to see how this fix and flip finishes!