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Fix And Flip Loan In Newark NJ Funded By Hard Money Lender

Address: Newark, NJ
Borrower Profile: Experienced Investors
Work Description: Fix and Flip - Single Family
Purchase Price: $95,000
Renovation Budget: $43,620
Loan Amount: $110,000
Cash Available for Purchase: $66,380
Cash Available for Renovation: $43,620
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $190,000
NJ hard money lender
Fix and flip loans in Newark NJ

Situation:

After finding this deal through their network, these real estate investors came to Asset Based Lending for a hard money fix and flip loan in order to purchase and rehab the single family property in Newark, NJ. The scope of work for renovations includes installing new stairs, updating the kitchens and bathrooms, refinishing the hardwood floors, and replacing all interior doors.

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