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Plainfield NJ Fix And Flip Funded By Hard Money Lender

Address: Plainfield, NJ
Borrower Profile: Repeat Borrower And Experienced Investor
Purchase Price: $137,000
Renovation Budget: $64,000
Loan Amount: $180,000
Cash Available for Purchase: $116,000
Cash Available for Renovation: $64,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $279,000
NJ hard money lender
Hard money lender in Plainfield NJ

Situation:

This repeat borrower came to Asset Based Lending for a hard money fix and flip loan in order to purchase and rehab a single family REO in Plainfield NJ that his realtor located for him. The property requires almost a full gut renovation. The scope of work includes repairing the roof, replacing most windows, converting a half bath to a full, gutting another bathroom, totally renovating the kitchen and even opening up the floor plan! We can’t wait to see how this fix and flip turns out.

Hard money lender NJ
New Jersey hard money lender for fix and flips