Newark NJ Hard Money Fix And Flip Loan
Address: Newark, NJ
Borrower Profile: Repeat Borrower
Purchase Price: $97,000
Renovation Budget: $90,000
Loan Amount: $145,000
Cash Available for Purchase: $65,000
Cash Available for Renovation: $80,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $252,000
Situation:
Asset Based Lending recently funded a fix and flip loan for a repeat borrower and experienced investor in Newark, NJ. This is the first phase of the investment, with the ultimate goal being to tear down the property and build 8 new units.
Get Started
