fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Garwood New Jersey Hard Money Fix And Flip Loan

Address: Garwood, NJ
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Vertical Addition - Single Family
Purchase Price: $242,000
Renovation Budget: $183,279
Loan Amount: $382,000
Cash Available for Purchase: $198,721
Cash Available for Renovation: $183,279
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $630,000

Asset Based Lending recently funded a hard money fix and flip loan in Garwood New Jersey. The borrower is a repeat borrower and full-time real estate investor. The property was purchased for $242,000 with a renovation budget of $183,279 and total loan funded at 90% LTC. This property is a single-family 3-bedroom, 2-bathroom that will receive a vertical addition and transform into 4-bedroom, 2.5 bathroom measured at 2,335 square feet. Renovation is expected to take three months with final sale occurring shortly after completion.

Garwood NJ fix and flip hard money loans
Fix and flip loans Garwood NJ
Hard money loans in Garwood NJ
Garwood New Jersey hard money lender
Hard money loan for fix and flip Garwood NJ
Prequalify For A Hard Money Loan Today
Get Started