Fix And Flip Loan In Brick NJ Funded By Hard Money Lender
Address: Brick, NJ
Borrower Profile: Experienced Investor & Contractor
Purchase Price: $205,000
Renovation Budget: $40,000
Loan Amount: $200,000
Cash Available for Purchase: $160,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $308,000
Situation:
These experienced investors and licensed contractors came to Asset Based Lending for a hard money fix and flip loan in order to buy and renovate a single family property in Brick, NJ. The scope of work for renovations includes minor interior demolition, repairs to the roofing and siding, new windows, new floors throughout, new drywall, and upgrades to the kitchen and bathrooms.
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