Hard Money Loan For Fix And Flip In Clark NJ
Address: Clark, NJ
Purchase Price: $310,000
Renovation Budget: $125,000
Loan Amount: $369,000
Cash Available for Purchase: $244,000
Cash Available for Renovation: $125,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $577,000
Situation:
This experienced builder and real estate investor came to Asset Based Lending for a hard money fix and flip loan in Clark, NJ. The scope of work for this 1,970 square foot 4 bed 2 bath single family property is extensive. The rehab includes new 2-zone air conditioning, new mechanical and electrical, opening up the floor plan on the first floor, and updating the floors and master suite.
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