201-942-9089 info@abl1.net

Hard Money Loan For Fix And Flip In Bayonne New Jersey

Address: Bayonne, NJ
Borrower Profile: Repeat Borrower
Purchase Price: $300,000
Renovation Budget: $65,000
Loan Amount: $305,000
Cash Available for Purchase: $240,000
Cash Available for Renovation: $65,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $489,000

Situation:

Asset Based Lending is glad to be financing this hard money fix and flip loan for a repeat borrower buying and rehabbing a two-family short sale in Bayonne, New Jersey. The investor lives in the same neighborhood as the subject property, which give him a high level of local market insight. The scope of work for the renovation of this 2,500 square foot property includes gutting the kitchens and bathrooms, refinishing the basement, and new floors and paint throughout. With this investor’s track record, we can’t wait to see the finished home!