The Client

Experienced Investor & Builder
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Gut Renovation Of Multifamily Property
• Purchase Price
$999,000
• Renovation Budget
$440,000
• Loan Amount
$1,206,000
• Cash Available for Purchase
$746,000
• Cash Available for Renovation
$440,000

The ABL Partnership

This experienced real estate investor and repeat borrower came back to Asset Based Lending for a hard money fix and flip loan on a gut renovation project in Jersey City, New Jersey. The property is a multifamily building consisting of (2) 3-bedroom 2-bathroom condos and (1) 5-bedroom 3-bathroom unit. The project will incorporate high-end finishes into the renovation, including 6 new bathrooms, a new custom roof, a new HVAC system, high end LED lighting, sound-proof hardwood floors, and luxury kitchen appliances throughout.

The Results

• After Repair Value
$2,040,000
• Sale Price
• Return on Investment
• Project Payoff
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