fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Hard Money Loan In Newark NJ For Fix And Flip

Address: Newark, NJ
Borrower Profile: Experienced Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $185,000
Renovation Budget: $70,000
Loan Amount: $216,000
Cash Available for Purchase: $133,280
Cash Available for Renovation: $70,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $341,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan in Newark NJ for a husband and wife team of experienced real estate investors. The subject property is a 2,000 square foot 3 bed / 1 bath single family home that they found on the MLS. The $70,000 scope of work for renovation includes adding a new half-bath, updating the kitchen and existing bathroom, opening up the floorplan, finishing the basement, replacing the roof, and new flooring throughout.

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