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NJ Hard Money Lender – Property Purchase In Englewood NJ

Address: Englewood, NJ
Borrower Profile: Repeat Borrower
Purchase Price: $651,000
Renovation Budget: $0
Loan Amount: $520,000
Cash Available for Purchase: $520,000
Cash Available for Renovation: $0
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase Only
ARV: $775,000 (As-Is)
Situation:

Asset Based Lending recently funded a hard money loan for a property purchase in Englewood, New Jersey. The subject property is a split-level 3,996 sq ft 5 bedroom / 3.5 bathroom single family home that sits on over half an acre and features a large living room, formal dining room, modern kitchen, and lots of storage space throughout.¬† The investor found this property through Sheriff’s Sale, and is buying it significantly below market value.

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