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.