Jersey City NJ Fix And Flip Hard Money Loan
Address: Jersey City, NJ
Purchase Price: $185,000
Renovation Budget: $78,000
Loan Amount: $223,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $375,000
Situation:
These investors are full time realtors, with extensive experience finding and selling investment properties. After graduating a well-known property fix and flip training class, they came to Asset Based Lending for hard money loans to fund their deals. The scope of work on this flip is fairly extensive, and includes a full kitchen renovation, additional bathroom, and all new electrical systems.
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