201-942-9089 info@abl1.net

Atlanta Georgia Fix And Flip Loan

Address: Atlanta, GA
Borrower Profile: Repeat Borrower — Experienced Real Estate Investor
Work Description: Gut Renovation — Single Family
Purchase Price: $150,000
Renovation Budget: $125,000
Loan Amount: $247,000
Cash Available for Purchase: $122,000
Cash Available for Renovation: $125,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $435,000

Asset Based Lending recently funded a hard money fix and flip loan in Atlanta Georgia. The borrower is a repeat ABL borrower and experienced real estate investor. The property is a single family 4-bedroom, 2-bathroom measured at 2,065 square feet. The borrower plans on holding the home in their rental portfolio with ABL’s rental refinance program. Home requires a total gut renovation with an emphasis on the kitchen and bathrooms. Kitchen will be highlighted by new cabinets, granite countertops, and stainless steel appliances. Bathrooms will be highlighted by new vanities, toilets, sinks, and tub & shower combos. Cosmetic updates will include new roof, windows, doors, HVAC, and LVP flooring. Project is expected to take approximately three months with loan refinance occurring within another three months afterwards.