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Hard Money Loan for a Fix and Flip Property in Paterson, NJ

Address: Paterson, NJ
Borrower Profile: Experienced Real Estate Team
Purchase Price: $108,675
Renovation Budget: $51,250
Loan Amount: $128,000
Cash Available for Purchase: $76,750
Cash Available for Renovation: $51,250
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $245,000
Paterson NJ hard money lender
hard money lender in Paterson New Jersey

Situation:

This experienced team came to ABL seeking a hard money loan for a fix and flip project in Paterson, New Jersey after they acquired a fixer upper in an online auction. This is truly the ultimate investing team as they cover all aspects of a deal from buying to renovating to selling their investment property. The scope of work includes a small renovation but is poised to boost the value of the property tremendously! After updating the bathrooms and kitchens and doing some general property upkeep, the ARV is set at $245,000. ABL wishes our borrowers the best of luck and is eager to see and share the results of the final project!

Paterson NJ fix and flip loans
fix and flip hard money lender in Paterson
Paterson NJ hard money lender
fix and flip hard money lender in Paterson NJ