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Hard Money Loan For Fix & Flip In Bayonne NJ

Address: Bayonne, NJ
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Gut Renovation - Two Family
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
Sale Price: $569,000

Asset Based Lending funded a hard money loan for a repeat borrower and experienced investor embarking on a fix and flip project in Bayonne, NJ. The property is a 2,500 sqft two-family property with the first floor consisting of 3 bedrooms with 1 bathroom, and the second floor comprised of 2 bedrooms and 1 bathroom. The property also features a large grass backyard, 1-car garage, and driveway. The $65,000 scope of work for renovations will go towards replacing the windows, roof, and siding as well as gutting the bathrooms and kitchens, refinishing the floors, and additional cosmetic upgrades throughout.


Bathroom - Before
bathroom after fix and flip loan in NJ
Bathroom - After
kitchen before nj hard money lender
Kitchen - Before
kitchen after hard money loan renovations
Kitchen - After
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