201-942-9089 info@abl1.net

Massapequa Park, NY Fix & Flip Hard Money Loan

Address: Massapequa Park, NY
Purchase Price: $385,500
Loan Amount: $497,000
Cash Available for Purchase: $297,000
Cash Available for Renovation: $200,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $780,000

Situation:

On his second personal fix and flip, this investor plans on turning a one-story ranch home into a 2900 square foot 2 story house by adding 1400 square feet of additional space. This property requires an extensive interior and exterior demo and rehab that is planned to be completed in just under four months.