fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Hard Money Loan In Ewing NJ For Fix And Flip

Address: Ewing, NJ
Borrower Profile: First Time Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $78,500
Renovation Budget: $67,000
Loan Amount: $116,000
Cash Available for Purchase: $42,040
Cash Available for Renovation: $67,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $205,000
Situation:

Asset Based Lending recently financed a hard money fix and flip loan in Ewing New Jersey for a real estate investor purchasing a property from a wholesaler. The investor, who was referred to ABL by another borrower, is a first time solo investor but has experience in real estate managing projects with family members. The subject property is a 1,580 square foot single family home with 4 beds and 1 bath. The $67,000 scope of work for renovations includes adding a second bathroom, repairing the roof, updating the kitchen and existing bathroom, as well as other cosmetic upgrades throughout.

hard money fix and flip loans NJ
hard money loans NJ
NJ hard money loans
hard money lenders New Jersey
New Jersey hard money lenders
Prequalify For A Hard Money Loan Today
Get Started
Menu