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Wayne NJ Hard Money Loan For New Construction

Address: Wayne, NJ
Purchase Price: $260,000
Renovation Budget: $246,000
Loan Amount: $437,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And New Construction
ARV: $672,000
Construction loan in Wayne NJ
Wayne NJ hard money loan

Situation:

This experienced real estate investor found ABL through a broker, and needed a hard money loan to fund the acquisition of a property and subsequent new construction. The plan is to demolish the existing property and complete a modular build on top of what remains. The investor has already completed 25 similar projects in the last year.

NJ hard money construction lender
Loans for construction in Wayne NJ
NJ hard money construction loans