Situation:

Asset Based Lending recently funded a $79,000 hard money loan for a cash out and rehabilitation project in in Montclair, NJ. These investors cashed out on their one bedroom, one bath condo in order to revamp the living space! Their scope of work includes a complete revamp of the kitchen, where they will be installing new countertops, cabinets and top of the line appliances! They also plan to add a fresh coat of paint and new flooring throughout the condo! To top it all off, these investors intend to turn their large single bedroom into two decent size bedrooms. Perfect for growing families! We can’t wait to see how these investors improve this condo! Stay tuned!