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Hard Money Fix & Flip Loan In Forked River NJ

Address: Forked River, NJ
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Fix & Flip - Single Family
Purchase Price: $172,557
Renovation Budget: $40,000
Loan Amount: $186,000
Cash Available for Purchase: $146,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $300,000
Situation:

Asset Based Lending in glad to have this repeat borrower and experienced real estate investor back for another deal! This hard money fix and flip loan is for the purchase and renovation of a single family home in Forked River, NJ. The $40,000 scope of work for renovations includes gutting the kitchen, updating the bathrooms, replacing the flooring throughout, updating the air conditioning, and other cosmetic upgrades.

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