Toms River NJ Cash Out And New Construction
Address: Toms River, NJ
Purchase Price: $130,000
Renovation Budget: $135,000
Loan Amount: $234,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Cash Out And New Construction
ARV: $360,000
Situation:
ABL recently funded a hard money loan for a cash out and new construction deal in Toms River NJ. The borrower is an experienced builder, having previously built 50-60 homes. The home will be a 4 bed, 2 1/2 bath residence and will take an estimated 4 months to build.
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