Kenilworth NJ Fix And Flip Loan
Address: Kenilworth, NJ
Borrower Profile: Experienced flipper
Purchase Price: $195,000
Renovation Budget: $110,000
Loan Amount: $130,000
Loan Structure: 12 months interest only
Loan Purpose: Property Rehabilitation
ARV: $469,000
Situation:
This experienced investor and full time contractor found Asset Based Lending through a broker while looking for a hard money loan to finance the renovation of a single family home in Kenilworth NJ. The scope of work includes adding a second floor and increasing the overall square footage by 800 square feet.
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