Fix And Flip Loan In Union City NJ
Address: Union City, NJ
Borrower Profile: Moderately Experienced Investor
Purchase Price: $723,434
Renovation Budget: $30,000
Loan Amount: $450,000
Cash Available for Purchase: $420,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $700,000
Situation:
ABL recently funded hard money fix and flip loan for the purchase and rehab of a 6-unit property in Union City NJ. Once the current tenements are relocated, the $30,000 rehab budget will be put to work replacing floors, painting the unit interiors, updating plumbing and electrical systems, as well as renovating the kitchens with new appliances.
Get Started
