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Hard Money Fix And Flip Loan In Trenton NJ

Address: Trenton, NJ
Borrower Profile: Experienced Pair Of Investors
Purchase Price: $125,000
Renovation Budget: $75,000
Loan Amount: $160,000
Cash Available for Purchase: $85,000
Cash Available for Renovation: $75,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $328,000
Trenton NJ fix and flip loan
hard money lender in Trenton NJ

Situation:

This Trenton fix and flip is a massive undertaking! The dilapidated property will be converted to a clean and sturdy mixed-use building with the first floor designated for commercial purposes and the second and third floor split into two residential rental units. Even though this five bedroom, 5 and a half bedroom property needs a lot of work, we are confident that our borrowers have a solid plan to see it through. They will be putting their rehab budget to good work, more than doubling the building’s value. Once completed, they plan on renting it out and we are certain they will be able to maintain a steady income!

fix and flip lender in Trenton NJ
fix and flip loan in trenton NJ
Trenton NJ fix and flip lender