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Jersey City Fix & Flip Funded By NJ Hard Money Lender

Address: Jersey City, NJ
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Gut Renovation - Two Family
Purchase Price: $210,000
Renovation Budget: $150,000
Loan Amount: $324,000
Cash Available for Purchase: $174,000
Cash Available for Renovation: $150,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $537,000
Situation:

After doing about 10 deals with ABL, these experienced real estate investors are back for their latest project in Jersey City, NJ. This $324,000 hard money loan is for the purchase and rehab of a 2,200 square foot two family home. The $150,000 renovation budget is a gut to the studs but will follow a plan almost exactly like one of their prior projects, even featuring exposed brick and high end finishes.

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