Situation:

This experienced real estate investor and repeat borrower came back to Asset Based Lending for a hard money fix and flip loan on a gut renovation project in Jersey City, New Jersey. The property is a multifamily building consisting of (2) 3-bedroom 2-bathroom condos and (1) 5-bedroom 3-bathroom unit. The project will incorporate high-end finishes into the renovation, including 6 new bathrooms, a new custom roof, a new HVAC system, high end LED lighting, sound-proof hardwood floors, and luxury kitchen appliances throughout.