201-942-9089 info@abl1.net

Hard Money Fix and Flip Loan in Bloomfield, NJ

Address: Bloomfield, NJ
Borrower Profile: First Time Investor
Work Description: Fix and Flip - Single Family
Purchase Price: $208,500
Renovation Budget: $62,000
Loan Amount: $227,500
Cash Available for Purchase: $165,500
Cash Available for Renovation: $62,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $321,000

Situation:

This three-bedroom single family home in Bloomfield NJ is a bit outdated, but otherwise in great shape. All our borrower needs to do is install new wood flooring, update the kitchen and bathrooms, and refinish the basement before it’s ready to go back on the market. For a first time fix and flip investor, cosmetic fixes like these are ideal; we are confident that this hard money loan will be smooth sailing for everyone involved.