201-942-9089 [email protected]

Hard Money Loan For Fix And Flip In Lincroft NJ

Address: Lincroft, NJ
Work Description: Fix & Flip - Single Family
Purchase Price: $385,000
Renovation Budget: $39,000
Loan Amount: $347,000
Cash Available for Purchase: $308,000
Cash Available for Renovation: $39,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $555,000
NJ hard money lender
hard money lender in new jersey

Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in Lincroft, NJ. The investor, starting his first solo flip, is an experienced commercial construction project manager and lives in the area. The $39,000 scope of work for the renovation of this 2,100 square foot 5 bedroom home is mostly cosmetic, including updating the kitchen and bathrooms, repairing the roof and siding, and replacing windows.

hard money loans in NJ
Fix and flip hard money lender
hard money lenders
NJ hard money lender