Asset Based Lending recently funded a hard money fix and flip loan in Upper Saddle River. The borrower is a repeat borrower and full-time real estate investor. The property is currently a 3-bedroom, 2-bathroom that will be heavily renovated into a 6-bedroom, 5.5-bathroom measured at 7,200 square feet. Using the existing foundation and two existing walls, the borrower will construct a luxury single-family to match the high-end cul-de-sac it resides in. Property will be highlighted by Hardie board siding, Anderson windows, black standing metal roof, 10-foot high ceilings, and crown molding in every room. The kitchen will feature custom wood cabinets, island with sink, quartz countertops, and high-end appliances. Project is expected to take nine months with final sale occurring shortly after completion.
