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Sicklerville NJ New Construction Hard Money Loan

Address: Sicklerville, NJ
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: New Construction – Single-Family
Purchase Price: $89,900
Renovation Budget: $624,150 (Construction)
Loan Amount: $564,000
Cash Available for Purchase: $53,940
Cash Available for Renovation: $624,150 (Construction)
Loan Structure: 12 Months Interest Only
Loan Purpose: Land Purchase And New Construction
ARV: $940,000
Situation:

Asset Based Lending recently funded a new construction hard money loan in Sicklerville NJ. The borrower is an experienced real estate investor that has worked with ABL on previous deals. The property was purchased for $89,900 with a construction budget of $624,150 and total loan funded at 79% LTC. The home will feature an unfinished basement, soft-close wood cabinets, quartz or granite countertops, master bedroom with walk-in-closet including his & her bathroom, and more. Construction is expected to take approximately 4-5 months with final sale occurring shortly after.

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Sicklerville NJ hard money loans for construction
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