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Fix and Flip Hard Money Loan In Jersey City, NJ

Address: Jersey City, NJ
Borrower Profile: Full Time Investor
Work Description: Gut Rehab
Purchase Price: $181,500
Renovation Budget: $146,000
Loan Amount: $294,000
Cash Available for Purchase: $148,000
Cash Available for Renovation: $146,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $489,000
Sale Price:
Time To Pay Off:
Jersey City NJ hard money lender
Hard money lender in NJ

Situation:

This full time investor came to ABL to finance a fix and flip multifamily project in Jersey City, NJ. This investor’s plan calls for a complete gut renovation of the property. He’ll install 3 new bathrooms as well as a brand new modern kitchen featuring a unique backsplash. The home will make the transition to a central air system with an HVAC installation. All interior walls will be coated with a fresh layer of paint and trim molding bordering the edges. The exterior will receive a major functional improvement with a new roof as well. This is certainly a big project, but we’re confident in our borrower’s plan and know that he will execute his vision!

NJ hard money lender for fix and flip loans
Hard money lender for fix and flips in NJ
Fix and flip hard money lender
NJ fix and flip hard money lender