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Asbury Park NJ Fix And Flip Hard Money Loan

Address: Asbury Park, NJ
Borrower Profile: Experienced Investor
Purchase Price: $311,000
Renovation Budget: $110,000
Loan Amount: $356,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $555,00
Asbury Park NJ Hard money loan

Situation:

The borrower on this fix and flip project in an experienced real estate investor who usually finances his deals with his own equity, but has decided to get a hard money loan from ABL to increase available leverage. The scope of work for the rehab of this multi-family home includes new HVAC system, all new flooring throughout, updated drywall/insulation, and new appliances. The investor is also restoring the front porch and 2nd floor deck.

Hard money lender for fix and flips in NJ
Hard money loans for fix and flip in Asbury Park New Jersey
Fix and flip hard money loan in Asbury Park NJ