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River Edge NJ Fix And Flip Loan

Address: River Edge, NJ
Borrower Profile: Professional Contractors
Purchase Price: $205,000
Renovation Budget: $95,000
Loan Amount: $225,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $395,000
Fix and flip loan in New Jersey

Situation:

These investors and professional contractors came to ABL for their first fix and flip loan, after completing several fix and flip projects for clients. The borrowers are requesting a variance from the town to add additional square footage to the home, but have a back up plan if the variance isn’t approved.

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