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Hard Money Loan For Fix And Flip In Denville New Jersey

Address: Denville, NJ
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Gut Renovation - Single Family
Purchase Price: $197,000
Renovation Budget: $85,000
Loan Amount: $253,000
Cash Available for Purchase: $168,000
Cash Available for Renovation: $85,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $380,000
Sale Price: $387,000
Situation:

Asset Based Lending was glad to recently finance a hard money loan for a team of repeat borrowers and experienced investors purchasing their next fix and flip project. The subject property in Denville, NJ is a 1,400 sqft single family home with 3 bedrooms and 1 bathroom. The $85,000 scope of work for renovations includes adding a full upstairs including an additional bathroom, installing new HVAC, repairing the roof, replacing windows, and gutting the kitchen and bathroom.

Outcome:

Kitchen - Before
Hard money lending NJ
Kitchen - After
hard money lending NJ
Bathroom - Before
NJ hard money loans for fix and flip
Bathroom - After
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Living Room - Before
Living Room - After
fix and flip loans NJ
Upstairs - Before
Upstairs - After
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