Atlanta Georgia Fix And Flip Loan
Asset Based Lending recently funded a hard money fix and flip loan in Atlanta, Georgia with a highly experienced real estate investor. This single-family property was purchased for $120,000 with a renovation budget of $102,600 and a loan amount of $200,000. The exterior scope of work for this project is a new roof, windows, doors, updated siding, new sewer lines, and minor landscaping. The interior will receive new walls as needed, updated electrical and plumbing, new hvac, updated interior doors, trim and molding, added LVP, full kitchen and bathroom renovation, and paint throughout. The timeline for this project is six months and the borrower plans to refinance the property at the end of renovations.