fix and flip investment properties

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North Plainfield NJ Fix And Flip Hard Money Loan

Address: North Plainfield, NJ
Borrower Profile: Repeat Borrower
Purchase Price: $165,000
Renovation Budget: $45,450
Loan Amount: $168,000
Cash Available for Purchase: $122,550
Cash Available for Renovation: $45,450
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $300,000
Sale Price: $284,900
Situation:

This repeat borrower and experienced real estate investor came to Asset Based Lending for her latest fix and flip project in North Plainfield, New Jersey. ABL funded a hard money fix and flip loan for the purchase and renovation of a 1,500 sqft single family home. The scope of work for renovations was extensive, including gutting the kitchen and bathrooms, updating all electrical fixtures, installing a new roof and gutters, replacing the flooring, and even finishing the basement. These investors are experienced, and are acting as their own general contractor for this project.

Outcome:

Hard money lender in New Jersey
Kitchen - Before
NJ hard money lender for real estate investors
Kitchen - After
NJ hard money loans
Living Room - Before
NJ hard money lenders
Living Room - After
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