fix and flip investment properties

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NJ Hard Money Loan For Fix & Flip

Address: Summit, NJ
Borrower Profile: Experienced Investors
Work Description: Fix and Flip - Single Family
Purchase Price: $355,000
Renovation Budget: $50,000
Loan Amount: 334,000
Cash Available for Purchase: $284,000
Cash Available for Renovation: $50,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $545,000

These experienced fix and flip investors are on their third deal with Asset Based Lending, this time coming to ABL for a hard money fix and flip loan in order to purchase and rehab a property in Summit New Jersey. The scope of work for this 1500 square foot single family home includes a new roof, as well as gutting the kitchen and bathrooms, adding a new bathroom, and replacing the hardwood floors throughout. With the investors’ backgrounds as a real estate agent and contractor, we can’t wait to see the finished project!

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