Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in Lincroft, NJ. The investor, starting his first solo flip, is an experienced commercial construction project manager and lives in the area. The $39,000 scope of work for the renovation of this 2,100 square foot 5 bedroom home is mostly cosmetic, including updating the kitchen and bathrooms, repairing the roof and siding, and replacing windows.