fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

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
Situation:

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!

hard money loans in new jersey
hard money loans in new jersey
nj hard money loans
Prequalify For A Hard Money Loan Today
Get Started
Menu