Situation:

Asset Based Lending recently funded a $84,000 hard money loan for a fix and flip property in Patterson, NJ. Our investors have their work cut out for them with this property! Before getting started on the rehab, our investors must first remove all garbage and debris from the interior of the property, seal all windows, remove flooring and remove and replace standing sheetrock as needed. All drop ceilings will be removed and reframed. The original hardwood floors will be repaired where needed, and ceramic or vinyl tile will be placed throughout the rest of the home. The kitchen and bathrooms will be demolished and refinished with new countertops, cabinets, appliances, and finishes. A fresh coat of paint will be added throughout the home. Our investors plan to complete this rehab in just a few short months, and we can’t wait to see the finished product!