Ocean City NJ Cash Out Refinance And Rehab Loan
Address: Ocean City, NJ
Renovation Budget: $32,000
Loan Amount: $225,000
Loan Structure: 12 months interest only
Loan Purpose: Cash Out Refinance And Rehabilitation
ARV: $800,000
Situation:
This borrower came to ABL for a cash out refi and rehab loan that would fund the property renovations, pay off the first lien, and provide liquidity for other businesses. The scope of work for the rehab includes adding a new bathroom, upgrading the kitchen, and exterior cosmetics work.
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