Westfield NJ Fix And Flip Hard Money Loan
Address: Westfield, NJ
Borrower Profile: Realtor
Purchase Price: $525,000
Renovation Budget: $250,000
Loan Amount: $658,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $1,046,000
Situation:
This borrower and full time realtor approached Asset Based Lending looking for a hard money loan to fund her second fix and flip investment. The substantial rehab includes adding an additional 800 square feet, 2 bathrooms, and first floor family room.
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