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Fix And Flip Loan In Union City New Jersey

Address: Union City, NJ
Purchase Price: $230,000
Renovation Budget: $64,500
Loan Amount: $248,000
Cash Available for Purchase: $183,500
Cash Available for Renovation: $64,500
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $383,000
Fix and flip hard money loan in NJ
Hard money fix and flip loans in NJ

Situation:

ABL recently closed a hard money fix and flip loan in Union City NJ with a loan amount of $248,000. The investors came to ABL looking for funding to rehab a downtrodden property. They decided on a scope of work that includes extensive renovation on the interior and exterior. Once completed, this home will have new windows, a brand new shingled roof, replaced HVAC and heating systems, and updated plumbing fixtures. They’ll use the loan to install two full new bathrooms and a functional kitchen with modern countertops and appliances. Keep up with our website to see if this home makes it into one of our case studies!

NJ fix and flip loans
Hard money lenders for fix and flips in New Jersey
Fix and flip lender in New Jersey
Hard money lenders in New jersey