201-942-9089 info@abl1.net

Farmingdale New York Fix And Flip Hard Money Loan

Address: Farmingdale, NY
Purchase Price: $270,000
Renovation Budget: $55,000
Loan Amount: $260,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $420,000

Situation:

After completing a popular real estate investing training seminar, these five partners came to Asset Based Lending for a hard money fix and flip loan in order to fund the purchase and rehab of their recently acquired auction property in Nassau County Long Island. The scope of work for renovations includes some demolition and lot clearing, plumbing and electric system upgrades, and completely overhauled kitchens and bathrooms.