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Fix And Flip Hard Money Loan In North Bergen NJ

Address: North Bergen, NJ
Purchase Price: $170,000
Renovation Budget: $40,000
Loan Amount: $176,000
Cash Available for Purchase: $136,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $360,000
North Bergen NJ fix and flip loan

Situation:

ABL recently funded a $176,000 hard money loan for a fix and flip project in North Bergen, NJ. Our investors are in for a challenge with this property! The basement and first floor of this property are riddled with water damage from a pipe bursting! After a complete gut, they plan on installing a ceramic floor in the basement of the property, as well as gutting the entire first floor to re-frame the layout of the property. The second and third floor will undergo minor upgrades and the exterior of the property will undergo a major clean up. We can’t wait to see how it comes out!

North Bergen NJ fix and flip private loan
Private hard money loans in North Bergen NJ
Fix and Flip private lender in North Bergen NJ