201-942-9089 info@abl1.net

Albertville Alabama Fix And Flip Loan

Address: Albertville, Alabama
Borrower Profile: Repeat Borrower — Real Estate Investor
Work Description: Fix and Flip — Single Family
Purchase Price: $171,299
Renovation Budget: $20,000
Loan Amount: $165,000
Cash Available for Purchase: $145,000
Cash Available for Renovation: $20,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $297,000
Albertville Fix and Flip
AL Private Money Lender

­Asset Based Lending recently funded a fix and flip loan for a repeat borrower in Albertville Alabama. This investor has completed one fix and flip project funded by ABL in the past. They purchased this single family property with the intention of performing cosmetic renovations. The scope of work for this fix and flip entails removing the vegetation on the property, replacing the gutters, updating the electrical panel and potentially replacing the HVAC system. This borrower expects to complete renovations within 5 months at which time they intend to list this property for final sale.

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