Situation:

This repeat borrower and experienced real estate investor came to Asset Based Lending for a hard money loan for finance a fix and flip in Roselle, New Jersey. The 2,300 square foot single family property in Union County NJ was found on the MLS, and will require $54,000 in renovations. The scope of work for the renovation includes minor roof repairs, new garage doors, a new hot water heater, new hardwood floors, HVAC installation, gutting the kitchen and bathrooms, as well as adding a full bathroom in the basement.