fix and flip investment properties

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Hard Money Lender Funded Towaco NJ Fix And Flip Loan

Address: Towaco, NJ
Borrower Profile: Experienced Investor & Contractor
Work Description: Gut Renovation Of Single Family Property
Purchase Price: $257,500
Renovation Budget: $90,000
Loan Amount: $295,000
Cash Available for Purchase: $205,000
Cash Available for Renovation: $90,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $475,000
Situation:

ABL is proud to have this repeat borrower and experienced real estate investor back for his next fix and flip project! The deal is a hard money loan for the purchase and rehab of a single family home in Morris county, New Jersey. The investor is an experienced contractor, adequately prepared to take on the significant renovation this property needs. The scope of work includes adding a bedroom and 2 new bathrooms, in addition to gutting the kitchen, replacing the flooring, and adding central air.

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