Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower and experienced real estate investor in Garwood, New Jersey. This investor has big plans for his $96,000 renovation budget – the property is a full gut rehab. The scope of work includes adding roughly 300 square feet, and totally renovating the existing structure. New kitchen, bathrooms, bedrooms, garage, and even HVAC system. Hardwood floors will be added throughout and the layout will be updated for an open concept.