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Hard Money Fix And Flip Loan In Rutherford NJ

Address: Rutherford, NJ
Borrower Profile: Experienced Investor, Realtor, & Builder
Work Description: Gut Renovation
Purchase Price: $310,000
Renovation Budget: $150,000
Loan Amount: $391,000
Cash Available for Purchase: $241,000
Cash Available for Renovation: $150,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $617,000
Sale Price: $705,000
Time To Pay Off: 12 Months

Our investors did an amazing job renovating this once run-down property! Along with freshening up the exterior of the property with new vinyl siding and shingle roofing, they put in a lot of work to bring the interior to life. For this fix and flip, a partial demolition was completed in order to update the HVAC, plumbing and electrical systems, followed by repairing and replacing drywall throughout the house. Every room was given a fresh paint job and each floor was revived with new hardwood floors or carpeting. The two full bathrooms were re-tiled and cleaned up in addition to the kitchen being given a complete makeover with new cabinets, granite countertops and stainless steel appliances. They even went as far as finishing the basement to allow for more living space! Our investors buckled down to get this property live-in ready quickly! They did such a great job that they were able to finish the job in just under a year!


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