Jersey City, NJ
Address: Jersey City, NJ
Purchase Price: $595,000
Renovation Budget:
Loan Amount: $386,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase
ARV: $600,000
Situation:
Foreign national husband and wife investing team approached Asset Based Lending for a hard money loan to purchase a mixed use building in Jersey City New Jersey. The borrowers plan to refinance out of the loan within 9 months.
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