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Hard Money Fix and Flip Loan in Parkville, Maryland

Address: Parkville, MD
Borrower Profile: First Time Investor
Purchase Price: $101,000
Renovation Budget: $80,000
Loan Amount: $153,000
Cash Available for Purchase: $73,000
Cash Available for Renovation: $80,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $288,000

Situation:

We love our Maryland fix and flips! This single family property is getting a major upgrade with two new bedrooms and a bath on the upper level. The investor will also install brand new electric, plumbing, and HVAC. Plus, he’s going to replace the windows, roof, and gutters. Even though it’s his first project, this investor clearly understands that appearances are important; he set aside a couple thousand for facade details, landscaping, and a final clean once all the heavy work is done. We’re looking forward to seeing the finished project!