Newark NJ Fix And Flip Hard Money Loan
Address: Newark NJ
Purchase Price: $125,000
Renovation Budget: $50,000
Loan Amount: $140,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $324,000
Situation:
Asset Based Lending recently closed a $140,000 loan for a 3 family fix and flip deal in Newark NJ. The scope of work for rehab includes adding an additional bedroom, updating the electrical systems, installing new light fixtures, and upgrading the bathrooms and kitchens.
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