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Rutherford NJ Fix And Flip Loan

Address: Rutherford, NJ
Purchase Price: $285,000
Renovation Budget: $230,000
Loan Amount: $486,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $753,000
Fix and flip loan in Rutherford NJ

Situation:

Experienced real estate investors in the Rutherford NJ area, and repeat borrowers, came to Asset Based Lending to fund the fix and flip of a 3 bed/2 bath single family home. The scope of work for this rehab includes exterior cosmetics, a 1300 square foot addition, and full renovations to the kitchen and bathrooms. Electrical and plumbing systems also require updates.

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