Hard Money Fix & Flip Loan In Alpine NJ
Address: Alpine, NJ
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Fix & Flip - Single Family
Purchase Price: $1,020,000
Renovation Budget: $150,000
Loan Amount: $1,053,000
Cash Available for Purchase: $903,000
Cash Available for Renovation: $150,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $1,500,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for an experienced real estate investor in Alpine, New Jersey, offering 90% of total cost—as part of ABL’s new high LTV program for experienced investors. The ranch-style single-family property has a 4 bed/ 3 bath layout. The scope of work includes finishing the basement, kitchen and bathroom renovations, appliance upgrades, and some exterior changes.
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