Holmdel NJ Fix And Flip Hard Money Loan
Address: Holmdel, NJ
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Gut Renovation - Single Family
Purchase Price: $365,000
Renovation Budget: $180,000
Loan Amount: $463,000
Cash Available for Purchase: $283,000
Cash Available for Renovation: $180,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $750,000
Situation:
Asset Based Lending is thrilled to finance another hard money loan for this repeat borrower and experienced real estate investor in Holmdel, NJ. The house is already gutted to the studs, so the $180,000 scope of work for this 3,149 sqft split-level ranch includes opening up the floorplan, adding a 4th bathroom, and finishing with a completely new kitchen, custom molding, and of course new sheetrock and flooring throughout.
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