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Hard Money Fix & Flip Loan In Union Beach, NJ

Address: Union Beach, NJ
Borrower Profile: Experienced Investor
Work Description: Fix & Flip – Single-Family
Purchase Price: $109,000
Renovation Budget: $73,000
Loan Amount: $162,000
Cash Available for Purchase: $89,000
Cash Available for Renovation: $73,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $300,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan to an experienced real estate investor in Union Beach, New Jersey—covering 100% of rehab. This 1,200 square foot single-family property has a 3 bed/1 bath layout with rehab plans for a second bathroom. The scope of work also includes kitchen and bathroom renovations, flooring updates, and a new roof.

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