201-942-9089 info@abl1.net

Livingston New Jersey Fix And Flip Loan

Address: Livingston, NJ
Borrower Profile: Repeat Borrower & Experienced Contractors
Work Description: Gut Renovation - Single Family
Purchase Price: $391,000
Renovation Budget: $362,000
Loan Amount: $500,000
Cash Available for Purchase: $400,000 (Cash Out)
Cash Available for Renovation: $100,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Cash Out And Rehabilitation
ARV: $905,000
Sale Price: $895,000
Time To Pay Off: 5 Months
Front – Before
Front – After


After experiencing substantial issues with another hard money lender’s draw process and flexibility, this team of real estate investors came to ABL to refinance the existing loan in Livingston NJ as well as fund the remaining renovation costs. The full $362,000 renovation budget is going to convert the 1,213 square foot single family cape into a 3,150 square foot 5 bedroom / 3 bathroom home by adding a 2nd story and rear expansion. The renovation will also include installing all new HVAC for multiple zones, new plumbing, hardwood floors throughout, an open-concept kitchen, 2nd floor laundry room, and other high-end finishes.


Renovations were completed on time and turned out tremendously. Borrower paid off their loan with no prepayment penalty and successfully sold the home for just slightly below the original estimated ARV.

Bathroom Before
Bedroom – Before
Family Room – Before
Living Room – Before
Kitchen – After
Rear – After
Bathroom – After
Bedroom – After
Family Room – After
Living Room – After
Stairs – After
Living Room – After