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Hard Money New Construction Loan In Jersey City NJ

Address: Jersey City, NJ
Work Description: Demo And Construction
Purchase Price: $360,000
Renovation Budget: $385,000
Loan Amount: $596,000
Cash Available for Purchase: $211,000
Cash Available for Renovation: $385,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Land Purchase & New Construction
ARV: $1,082,000
Jersey City Construction Loan

Situation:

This investor found a cheap investment property in Jersey City and decided it would be more profitable to tear it down and build a new construction modern condominium than to try and renovate the old single-family home. He is cutting no corners when it comes to building a beautiful and modern two-residence property. It should pay off well: we expect the final product to be worth $1,082,000. We can’t wait to see his vision materialize from the ground up!

Jersey City NJ Construction Loan Hard money
Hard money loan for New Construction
Hard money construction loan in Jersey City NJ