201-942-9089 info@abl1.net

Atlanta Georgia Fix And Flip Loan

Address: Atlanta, Georgia
Borrower Profile: Repeat Borrower – Experienced Real Estate Investor
Work Description: Fix and Flip -- Single Family
Purchase Price: $120,000
Renovation Budget: $102,600
Loan Amount: $200,000
Cash Available for Purchase: $97,400
Cash Available for Renovation: $102,600
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $360,000
Situation:

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.