Trenton NJ Fix And Flip Hard Money Loan
Address: Trenton, NJ
Borrower Profile: Experienced Developer
Purchase Price: $45,000
Renovation Budget: $82,500
Loan Amount: $105,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $190,000
Situation:
This real estate investor has experienced investing in large apartment buildings with private equity, and has recently started investing in smaller row houses. Asset Based Lending funded a hard money loan for the purchase and rehabilitation of this 3 family property in Trenton, New Jersey. The scope of work for the renovation of the property is extensive, and includes new plumbing, electing, and overhauled kitchens and bathrooms.
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