Asset Based Lending recently funded a hard money loan for a repeat borrower and experienced real estate investor in Secaucus, New Jersey. This fix and flip loan was purchased for $475,000 with a loan amount of $500,000. The scope of work for this 2,100 square foot property includes full renovation and gut to all bathrooms and kitchen, new appliances, hardwood and tile in the interior. The exterior will receive a partial window replacement, potential roof repair, and landscaping. The borrower plans to sell the property at the end of the projected 6 month timeline.
