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Warren County NJ Fix & Flip Funded By Hard Money Lender

Address: Stewartsville, NJ
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $253,000
Renovation Budget: $73,000
Loan Amount: $246,000
Cash Available for Purchase: $159,470
Cash Available for Renovation: $73,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $405,000
Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in Stewartsville, New Jersey. The subject property is a 2300 square foot 4 bed / 2.5 bath REO located just a few minutes from their last fix and flip deal, in need of approximately $73,000 in rehab. The scope of work for renovation includes gutting the kitchen and bathrooms, redoing the deck, new flooring throughout the house, and all new light fixtures.

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