Situation:

The investor on this hard money fix and flip loan in Rahway New Jersey is buying the project from another investor who has already removed the buried oil tank and obtained a remediation certificate. The current property is a 3 bed 1 bath single family home with 1,200 square feet. The investor’s scope of work involves adding at least 400 square feet and completing a full gut renovation of the interior. The borrower also plans on opening the floor plan where possible, and adding a second bathroom.