201-942-9089 [email protected]

Ramsey NJ Fix And Flip Hard Money Loan

Address: Ramsey, NJ
Purchase Price: $410,000
Renovation Budget: $275,000
Loan Amount: $582,000
Cash Available for Purchase: $307,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $925,000
Ramsey NJ fix and flip loan
Hard money loan for fix and flip in Ramsey NJ

Situation:

Asset Based Lending recently closed a $582,000 hard money loan for a property in Ramsey, NJ. Our seasoned investors purchased this 1700 square foot property and intend to double it in size after a second-floor addition is completed. Their growth plans include a new kitchen, two bathrooms and at least four bedroom add-ons. They are planning to completely revamp the exterior of the property by updating the siding and windows. When they make their way inside, they intend to install brand-new, wide plank hard wood floors as well as a modern HVAC system and updated duct system. This home will be perfected with top of the line finishes, giving it the “Wow-Factor,” and setting it apart from all the others! These investors are planning to complete this project in four short months, and we can’t wait to see the finished product!

Private lender for fix and flip in NJ
Hard money fix and flip lender in New Jersey
Ramsey New Jersey Fix And Flip hard money loan
Private hard money loan in Ramsey NJ