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Hard Money Fix and Flip Loan in Linden, NJ

Address: Linden, NJ
Borrower Profile: Experienced Investor
Work Description: Fix and Flip - Single Family
Purchase Price: $308,000
Renovation Budget: $10,000
Loan Amount: $245,000
Cash Available for Purchase: $235,000
Cash Available for Renovation: $10,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $378,000
Hard money lender for fix and flips in NJ
New Jersey hard money lender

Situation:

This fix and flip team found their property at a sheriff sale. Their original lender backed out at the last minute, so these first-time ABL borrowers came to us for a rush close. The property is already in good shape, and with a little paint, some carpet removal, floor finishes, and new front handrails, this NJ single family home will be back on the market.

Hard money fix and flip lender in New Jersey
NJ fix and flip lender
Hard money lender in New Jersey
Fix and flip loan in NJ