201-942-9089 info@abl1.net

Hard Money Fix and Flip Loan in Baltimore, Maryland

Address: Baltimore, MD
Purchase Price: $61,000
Renovation Budget: $60,000
Loan Amount: $96,000
Cash Available for Purchase: $36,000
Cash Available for Renovation: $60,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $199,000

Situation:

We recently funded a fix and flip hard money loan in Baltimore, Maryland. This project is a moderate renovation, with the potential to turn a nice profit! The scope of work includes new windows and siding. The investor also plans to open up the kitchen by demolishing some interior walls. The wood flooring will be refinished and an HVAC unit will be installed to provide central cooling and heat. Additionally, the exterior landscaping will be cleaned up and new fencing will be installed to increase the property’s curb appeal! We look forward to helping our borrower along the process as much as possible and can’t wait to see the finished home.