Centereach NY Fix And Flip Loan
Address: Centereach, NY
Purchase Price: $155,000
Renovation Budget: $70,000
Loan Amount: $194,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $300,000
Situation:
On his second deal with ABL, this Long Island borrower is planning on completing this moderate rehab in 4 months. The scope of work for the fix and flip project includes a new kitchen, completely renovated bathrooms, new roofing, and internal/external cosmetic upgrades.
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