201-942-9089 info@abl1.net

Fix And Flip Hard Money Loan In Jupiter Florida

Address: Jupiter, FL
Borrower Profile: Experienced Investor
Purchase Price: $715,000
Renovation Budget: $285,000
Loan Amount: $850,000
Cash Available for Purchase: $565,000
Cash Available for Renovation: $285,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $1,750,000

Situation:

ABL now lends in the entire state of Florida! We recently funded a fix and flip hard money loan in Jupiter with a loan amount of $850,000. This property will undergo a major transformation. Upon completion of repairs, it is appraised at $1,750,000! So, what does the investor plan to do to the property? He plans to install all new recessed lighting fixtures, updated appliances, and new vanities and cabinets. Hardwood floors and marble will be installed throughout the home and a new standing bathtub will compliment the master bathroom. This investor is planning to do something unique: he will install the Smart Home System which will manage all light switches, motorized shades, and cameras inside the house. This finished project will be a must see!