Meriden CT Fix And Flip Hard Money Loan
Address: Meriden, CT
Borrower Profile: Repeat Borrower
Purchase Price: $65,000
Renovation Budget: $55,000
Loan Amount: $100,000
Cash Available for Purchase: $45,000
Cash Available for Renovation: $55,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $175,000
Situation:
These investors are on their second fix and flip, and second fix and flip loan with Asset Based Lending. Throughout the course of renovations, the investors will add two new bedrooms and a full bathroom to this two-family property. The scope of work also includes completely new kitchens, bathrooms, and flooring.
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