201-942-9089 info@abl1.net

Palm Beach Florida Fix And Flip Hard Money Loan

Address: North Palm Beach, FL
Borrower Profile: Experienced Investor
Purchase Price: $190,000
Renovation Budget: $55,000
Loan Amount: $207,000
Cash Available for Purchase: $152,000
Cash Available for Renovation: $55,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $325,000

Situation:

Asset Based Lending recently closed a $207,000 hard money loan for a fix and flip property in North Palm Beach, FL. These experienced investors have their work cut out for them and plan to turn this three bedroom, one bath home into a four bedroom, two bath home with a master suite. For the interior, along with adding a new bedroom and bathroom, the kitchen and existing bathroom each need to be completely renovated. New paint and flooring will be needed throughout the home. Along with the inside, the exterior of the property needs some updating. A new roof will be installed, and the existing pool will be refinished! We can’t wait to see the finished product!