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Hard Money Fix And Flip Loan In Linden NJ

Address: Linden, NJ
Borrower Profile: Experienced Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $220,000
Renovation Budget: $47,000
Loan Amount: $223,000
Cash Available for Purchase: $176,000
Cash Available for Renovation: $47,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $353,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a project in Linden, New Jersey. The borrowers are purchasing a 1,116 square foot single family home with 4 bedrooms and 1.5 bathrooms. The $47,000 scope of work for renovations includes updating the kitchen and bathrooms, removing the oil tank, updating the floors, and new paint throughout.

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