FIX AND FLIP LOAN
Clementon, New Jersey
BEFORE
AFTER
The Numbers Behind the Flip
Project Duration
March 2024 - December 2024
Loan Amount
$198,230
Purchase Price
$150,000
Construction Budget
$93,350
Client Contribution
$45,120
Total Project Cost
$243,350
ARV*
$292,000
Resale Price
$345,000
*ARV at the time of initial funding
This deal came to us through a trusted broker we work with frequently, presenting a unique opportunity in New Jersey. The property—a severely outdated and unlivable townhome—was in desperate need of transformation, with vines literally growing in the living room. Our borrower purchased the home for $150,000 and executed a $93,350 renovation plan to bring it back to life. With an initial ARV estimate of $292,000, the investor exceeded expectations, ultimately selling the property for $345,000. This project is a testament to how strategic financing and skilled execution can turn even the most distressed properties into profitable investments.