Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in Ridgefield Park, New Jersey. The investor found this property on the MLS with the help of a realtor, who also found his previous project. The $68,000 scope of work is a fairly extensive partial gut rehab and includes new roofing and siding, gutting the kitchen and bathrooms, installing HVAC, finishing the basement, and even opening up the floor plan for a more modern design.