Situation:

After doing about 10 deals with ABL, these experienced real estate investors are back for their latest project in Jersey City, NJ. This $324,000 hard money loan is for the purchase and rehab of a 2,200 square foot two family home. The $150,000 renovation budget is a gut to the studs but will follow a plan almost exactly like one of their prior projects, even featuring exposed brick and high end finishes.