Gardwood New Jersey Hard Money Loan
Address: Garwood, NJ
Purchase Price: $303,000
Renovation Budget: $60,000
Loan Amount: $290,000
Cash Available for Purchase: $230,000
Cash Available for Renovation: $60,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $450,000
Situation:
This borrower came to ABL through a broker that met some members of our team at a broker’s open house for another one of our borrowers. The hard money loan for this fix and flip will finance the purchase and $60,000 renovation of this single family home purchased through sheriff’s sale.
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