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Cash Out & Rehab Hard Money Loan In Northfield, New Jersey

Address: Northfield, New Jersey
Purchase Price: $85,000
Renovation Budget:
Loan Amount: $158,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 Months Interest Only
Loan Purpose: Cash Out & Property Rehabilitation
ARV: $345,000
Cash out rehab loan in NJ

Situation:

Asset Based Lending recently funded a project in Northfield, New Jersey with a $158,000 hard money loan for a cash out and rehab. This investor cashed out on their property to take on a large renovation. The plans include a complete demolition and reconstruction of a new kitchen and two new bathrooms, as well. The home will be equipped with a fresh set of paint and a freshly paved concrete driveway. He also plans to expand on his living space with a family room extension! This project is certain to turn out well with the guidance and support of the ABL team working side by side with our investor!

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