Bayonne NJ Hard Money Fix And Flip Loan
Address: Bayonne, NJ
Purchase Price: $184,000
Renovation Budget: $70,000
Loan Amount: $226,000
Cash Available for Purchase: $156,000
Cash Available for Renovation: $70,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $380,000
Situation:
Asset Based Lending is happy to have this repeat borrower and experienced real estate investor back for another fix and flip. For this deal, ABL funded a hard money fix and flip loan for the purchase and rehab of a multi-family 2 in Bayonne, NJ. The $70,000 renovation budget includes some interior demolition, new kitchens and floors, updated moldings, new windows, and minor porch and yard work, and new paint throughout.
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