Mendham NJ Hard Money Loan Cash Out Refinance
Address: Mendham, NJ
Borrower Profile: Experienced investor, foreign national
Renovation Budget:
Loan Amount: $600,000
Loan Structure: 12 months interest only
Loan Purpose: Cash Out Refinance
ARV: $1,530,000 (as is)
Situation:
ABL recently funded a hard money loan for cash out on an investment property won at auction in 2015. The borrower is a British citizen with over 20 years of real estate investing experience, including several years in the United States. Borrower intends to payoff the loan through the sale of other investment properties.
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