Newark NJ Fix And Flip
Address: Newark, NJ
Borrower Profile: 2nd flip - full time teacher
Purchase Price: $80,000
Renovation Budget: $28,000
Loan Amount: $87,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $183,000
Situation:
This investor is on his second deal, both funded with Asset Based Lending. ABL’s hard money loan will be used to purchase and renovate the property including upgrading the floor, replacing old lighting fixtures, installing new toilets and plumbing in the bathroom, as well as fixing pre-existing safety issues with the basement.
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