201-942-9089 info@abl1.net

Hard Money Fix and Flip Loan in Irvington, NJ

Address: Irvington, NJ
Borrower Profile: First Time Investor
Work Description: Fix and Flip - Multi Family
Purchase Price: $150,000
Renovation Budget: $30,000
Loan Amount: $153,000
Cash Available for Purchase: $123,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $256,000

Situation:

This investor is not holding back for her first fix and flip, choosing a 4-family home in Irvington for her first deal. The rehab work should be smooth and simple, with mostly cosmetic fixes to the floors and basement. The most intense repairs required for this flip involve the plumbing, but we are confident that our borrower will get her permits in order, her property up to par, and her purchase back on the market in no time.