Fix And Flip In Morris Plains NJ Funded By Hard Money Lender
Address: Morris Plains, NJ
Borrower Profile: Experienced Investor
Purchase Price: $420,000
Renovation Budget: $50,000
Loan Amount: $386,000
Cash Available for Purchase: $336,000
Cash Available for Renovation: $50,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $606,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for the purchase and rehab of a single family home in Morris Plains, New Jersey. The scope of work for this 2,659 square foot property includes exterior landscaping, opening the kitchen for a more modern floorplan, replacing appliances, and gutting the bathrooms.
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