Hard Money Loan In Linden NJ For Fix And Flip
Address: Linden, NJ
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Fix & Flip - Multi Family 4
Purchase Price: $405,000
Renovation Budget: $10,000
Loan Amount: $351,000
Cash Available for Purchase: $341,000
Cash Available for Renovation: $10,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $469,000
Situation:
Asset Based Lending recently funded a fix and flip in Linden NJ at 75% of ARV for an experienced investor and repeat borrower. This 4 unit multi family is made up of all 1 bedrooms in excellent condition and requires little to no rehab. We’re glad to have this investor back for another deal!
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