Newark NJ Fix & Flip Hard Money Loan
Address: Newark, NJ
Borrower Profile: Father and son investor team
Purchase Price: $160,000
Renovation Budget: $60,000
Loan Amount: $172,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $325,000
Situation:
This team of real estate investors came to Asset Based Lending for a hard money loan to buy and rehab two properties that they found together in Newark New Jersey. Though none of the investors had experience with investment properties in Newark, they had solid profiles and the proper team needed to get the job done.
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