Totowa NJ Fix And Flip
Address: Totowa, NJ
Borrower Profile: Experienced investor and construction project manager
Purchase Price: $462,000
Renovation Budget: $90,000
Loan Amount: $459,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $742,000
Situation:
This deal came to Asset Based Lending through a broker who had a client in need of a hard money loan to fix and flip a suburban single family home in Totowa New Jersey. The investor came into the project with a couple of successful flips under his belt, experience as a project manager in the construction field, and a trusted general contractor ready to do the work.
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