Situation:

Asset Based Lending recently closed a $582,000 hard money loan for a property in Ramsey, NJ. Our seasoned investors purchased this 1700 square foot property and intend to double it in size after a second-floor addition is completed. Their growth plans include a new kitchen, two bathrooms and at least four bedroom add-ons. They are planning to completely revamp the exterior of the property by updating the siding and windows. When they make their way inside, they intend to install brand-new, wide plank hard wood floors as well as a modern HVAC system and updated duct system. This home will be perfected with top of the line finishes, giving it the “Wow-Factor,” and setting it apart from all the others! These investors are planning to complete this project in four short months, and we can’t wait to see the finished product!