Montclair New Jersey Fix And Flip Hard Money Loan
Address: Montclair, NJ
Borrower Profile: Experienced flipper
Purchase Price: $157,000
Renovation Budget: $90,000
Loan Amount: $210,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $340,000
Situation:
This experienced investor and long time borrower came to Asset Based Lending looking for a hard money loan to finance the purchase and rehab of a single family home in Montclair NJ. He needed to close quickly, and ABL came through to make the deal happen. The scope of work for this project includes adding an entirely new bedroom, as well complete overhauls of the kitchen and existing bathrooms.
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