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Hard Money Fix & Flip Loan in Scotch Plains, NJ

Address: Scotch Plains, NJ
Borrower Profile: Experienced Investor
Work Description: Fix & Flip – Single-Family
Purchase Price: $265,000
Renovation Budget: $285,000
Loan Amount: $485,000
Cash Available for Purchase: $200,000
Cash Available for Renovation: $285,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $747,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan to an experienced real estate investor in Scotch Plains, New Jersey, offering 88% of total deal cost. This 1,000 square foot—soon to be 2,700 square foot—single-family property has 5 bedrooms and 4 bathrooms. The scope of work will include kitchen and bathroom renovations, as well as a square footage addition.

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Fix and Flip Loans in NJ
Hard Money Lender for Scotch Plains, New Jersey
Scotch Plains, New Jersey Hard Money Loans
Fix and Flip in Scotch Plains, NJ
Scotch Plains, NJ Fix and Flip
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