Elmwood Park New Jersey Hard Money Loan
Address: Elmwood Park, NJ
Borrower Profile: Experienced investors
Purchase Price: $426,000
Renovation Budget: $30,000
Loan Amount: $331,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $510,000
Situation:
This experienced borrower completed more than 5 successful flips last year and selected this REO mutli-family duplex as his next project. Asset Based Lending funded a $331,000 loan for the purchase and rehab of the property, including renovating the kitchens and multiple bathrooms.
Get Started
