Union NJ Fix And Flip Hard Money Loan
Address: Union, NJ
Purchase Price: $186,375
Renovation Budget: $50,000
Loan Amount: $199,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $306,000
Situation:
Asset Based Lending recently closed a $199,000 hard money loan for a fix and flip property in Union, NJ. Along with replacing windows and the heating and electrical systems, this property needs major interior renovation work as well. The kitchen and bathrooms will be gutted and refinished. New paint and flooring is needed throughout the home. Our experienced investors are working hard to get this home move-in-ready in a timely fashion! We are excited to see how it turns out!
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