Recently Funded Fix And Flip Loan In Pemberton, NJ
Loan Scenario:
This fix-and-flip loan involves a single-family detached home located in Pemberton, NJ. The property was purchased for $182,550 with a rehab budget of $89,900. The total loan amount secured for the project is $241,500, resulting in a Loan-to-Cost (LTC) ratio of 89% and a Loan-to-After Repair Value (LTARV) of 70%.
The after-repair value (ARV) of the property is projected at $345,000, indicating a significant potential for return on investment. The scope of work for the renovation includes extensive cosmetic upgrades, including:
- Demolition and clean-up
- Roof replacement
- Sheetrock and insulation
- Exterior and interior painting
- Flooring replacement throughout the property
- Kitchen and bathroom remodels with new fixtures and finishes
- HVAC system replacement
- Garage and gate repairs
This extensive renovation is expected to increase the property’s value and appeal significantly, positioning it for a profitable sale upon completion. The experienced investor plans to leverage this loan to carry out the necessary renovations and capitalize on the growing real estate market in Pemberton.
Key Deal Points
| Address | Pemberton, NJ |
| Loan Type | Fix & Flip |
| Borrower Profile | Experienced Investor |
| Property Type | Single Family Detached |
| Purchase Price | $182,550 |
| Rehab Budget | $89,900 |
| After Repair Value | $345,000 |
| Loan Amount | $241,500 |
| Loan To Cost (LTC) | 89% |
| Loan To ARV (LTARV) | 70% |
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