Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip in Irvington, NJ. The borrower is a long-time registered nurse and fairly experienced real estate investor that found ABL online in search of hard money lenders. The subject property is a Multi-Family 2 purchased out of auction in need of approximately $45,000 in rehab. The scope of work for renovation includes replacing the windows and garage doors, gutting the kitchens and bathrooms, new hardwood flooring in one unit, as well as replacing all lighting fixture and outlets throughout.