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
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!
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