Roxbury NJ New Construction Hard Money Loan
Address: Roxbury, NJ
Borrower Profile: Experienced Flipper And Builder
Purchase Price: $68,000 (Land)
Renovation Budget: $165,000 (Construction)
Loan Amount: $200,000
Loan Structure: 12 months interest only
Loan Purpose: New Construction
ARV: $495,000
Situation:
This experienced fix and flip investor, and her professional builder partner, came to Asset Based Lending for a hard money loan to fund a new construction project in Roxbury, New Jersey. Their last flip was completed in just four months, and the investors plan to complete this project within a similar time frame of 4-6 months.
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