Hard Money Fix & Flip Loan In Willingboro NJ
Address: Willingboro, NJ
Borrower Profile: Experienced Investor & Appraiser
Work Description: Fix & Flip - Single Family
Purchase Price: $120,000
Renovation Budget: $40,000
Loan Amount: $140,000
Cash Available for Purchase: $100,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $215,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for an experienced real estate investor in Willingboro, New Jersey. The single-family home has a 4 bed/ 2 bath layout. The scope of work for the 2,100 square foot property is only a cosmetic rehabilitation of the flooring, kitchen, bathrooms, and lighting.
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