Situation:

Asset Based Lending recently funded a hard money loan for an extremely experienced repeat borrower purchasing a single family fix and flip in Linden, New Jersey. The subject property is a 4 bedroom 2 bathroom 1500 square foot single family purchased through a Sheriff Sale in need of approximately $75,000 worth of work. The scope of work for renovation includes gutting the kitchen and bathrooms, refinishing the floors, adding a new HVAC system, finishing the basement, and upgrading the roof.