Hard Money Fix And Flip Loan In Newark New Jersey
Address: Newark, NJ
Purchase Price: $147,200
Renovation Budget: $50,600
Loan Amount: $163,000
Cash Available for Purchase: $112,400
Cash Available for Renovation: $50,600
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $275,000
Situation:
This experienced real estate investor came to Asset Based Lending for a hard money fix and flip loan for a single family property in Newark, New Jersey. The scope of work for renovations includes updating the kitchen and bathrooms, adding two additional bedrooms, and updating all electrical systems, fixtures, and flooring.
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