Asset Based Lending recently funded a hard money fix and flip loan in Aberdeen New Jersey. The borrower is a first-time borrower and experienced real estate investor. The property was purchased for $412,500 with a renovation budget of $90,000 with total loan funded at 87% LTC. The property is a single-family 3-bedroom, 2.5-bathroom measured at 1,887 square feet. Renovation will focus mostly on the kitchen and bathroom areas with other cosmetic updates and repairs to the rest of the house. The kitchen will receive new countertops, cabinets, and appliances. Bathrooms will be updated with new tubs, toilets, and sinks. Other updates will include a new shingle roof, new windows, new interior doors, repairing to the vinyl siding, fresh coat of paint, and a new HVAC system. Renovation is expected to take two months with final sale occurring shortly after project completion.