Recently Funded Fix And Flip Loan In Bayonne, New Jersey

Loan Scenario:

This fix-and-flip project features a single-family home located in Bayonne, New Jersey, part of the competitive NYC metro real estate market. The property was acquired for $300,000, with a renovation budget of $75,650 and a loan amount of $349,354, resulting in a Loan-to-Cost (LTC) of 93% and a Loan-to-After Repair Value (LTARV) of nearly 70%. With an ARV projected at $500,000, the goal of this renovation was to achieve a strong resale value while significantly enhancing the property’s appeal within the Bayonne market.

A professional investor led the transformation, executing a full scope of work including demolition, framing, new flooring, HVAC upgrades, and a comprehensive electrical system. Interior finishes included painting, new flooring, cabinetry, tile countertops, lighting fixtures, plumbing, trim and doors, along with landscaping featuring new pavers. The plan also accounted for necessary permitting, termite treatment, and contingency funding.

Bayonne’s real estate market remains strong and supportive of this kind of investment. Median home sale prices in 2025 were around $605,000—up 4.6% year-over-year—with homes selling quickly in approximately 30 days, often at or above asking price. While inventory remains relatively low, it supports a seller’s market environment where high-quality renovated homes attract swift buyer attention.

This project brought together experienced execution, a full-scale renovation plan, and the kind of market-ready improvements that resonate with today’s buyers. It exemplifies the type of transformative project American Heritage Lending is built to support in competitive metropolitan areas.