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Hard Money Loan For Fix And Flip In Princeton NJ

Address: Princeton, NJ
Borrower Profile: Experienced Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $455,000
Renovation Budget: $45,000
Loan Amount: $409,000
Cash Available for Purchase: $341,506
Cash Available for Renovation: $45,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $681,000
Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip in Princeton, New Jersey. The borrower is an experienced real estate investor who met members of ABL’s team at a local real estate investor networking event. The subject property is a 3,354 square foot single family home with 4 beds and 2.5 baths in need of approximately $45,000 in renovations. The rehab scope of work includes gutting the kitchen and opening up the floor plan, updating the bathrooms, and repairing the pool.

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