Newark NJ Cash Out And Rehab Hard Money Loan
Address: Newark, NJ
Borrower Profile: Experienced Investors
Purchase Price: $80,000
Renovation Budget: $150,000
Loan Amount: $184,000
Loan Structure: 12 months interest only
Loan Purpose: Cash Out And Rehabilitation
ARV: $330,000
Situation:
These repeat borrowers and experienced real estate investors came to ABL for a hard money loan in Newark, NJ. The loan funded the fix and flip of a multi-family investment property, as and also provided cash out to the borrowers at closing.
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