Situation:

This retired military veteran came to Asset Based Lending for a hard money loan on his 2nd deal with us – a fix and flip in Browns Mills, New Jersey. The property is a 1600 square foot split level with 3 bedrooms, 1 bathroom, an eat-in kitchen, and a large family room that opens to a deep back yard. The scope of work for rehab is a full gut to the studs, including replacing the roof and adding an additional half bathroom.