fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Hard Money Loan For Multi Family Fix And Flip In NJ

Address: Irvington, NJ
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Purchase Only - Multi Family
Purchase Price: $291,000
Renovation Budget: $0
Loan Amount: $180,000
Cash Available for Purchase: $171,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase Only
ARV: $300,000 (as-is)
Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a multi-family 3 in Irvington, NJ for a repeat borrower. The borrower had financing lined up with a conventional lender who backed out at the last minute, so ABL was asked to rescue the deal. The subject property is a fully occupied double lot, with a buildable area for the future. Fully rented as-is, the property needs little to no renovations. The borrower intends to transition the property to a long term rental loan soon after acquisition, and hold the property for his rental portfolio.

fix and flip loans in NJ
hard money lender for fix and flip
direct hard money lenders NJ
nj hard money loans for multi family
hard money lender new jersey
nj hard money loans
Prequalify For A Hard Money Loan Today
Get Started
Menu