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Cash Out Refinance And Rehab In Union City NJ

Address: Union City, NJ
Borrower Profile: Experienced investor and relator
Work Description: Gut renovations
Purchase Price: $149,999
Renovation Budget: $305,000
Loan Amount: $424,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Cash Out Refinance And Rehabilitation
ARV: $675,000
Cash out refinance in union city nj
house before being fixed and flipped

Situation:

This experienced investor team is made up of real estate professionals who came to Asset Based Lending for a cash out refinance and renovation loan for a multi family property in Union City New Jersey. The plan is to completely gut the building, overhaul it over 4-6 months, and then hold it as a rental property once the renovation is completed. This team has fixed and flipped 18 properties in the last two years.

inside walls of house being fixed and flipped
Cash out refinance loan for gut renovation in Union City NJ