Paterson NJ Cash Out And Rehab Hard Money Loan
Address: Paterson, NJ
Purchase Price: $41,000
Renovation Budget: $134,000
Loan Amount: $140,000
Loan Structure: 12 months interest only
Loan Purpose: Cash Out And Rehabilitation
ARV: $275,000
Situation:
These experienced investors came to Asset Based Lending for a cash out and rehab hard money loan. The rehab is for a two-family property in Paterson New Jersey. The scope of work for renovations includes and entire overhaul to the roof, siding, electrical and plumbing.
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