fix and flip investment properties

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Atlanta Georgia Hard Money Fix And Flip Loan

Address: Atlanta, GA
Borrower Profile: First Time Borrower, Experienced Investor
Work Description: Cosmetic Rehab - Single Family
Purchase Price: $208,500
Renovation Budget: $30,000
Loan Amount: $185,000
Cash Available for Purchase: $155,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $275,000

Asset Based Lending recently funded a fix and flip loan in Atlanta Georgia. The borrower is a first-time borrower and part-time real estate investor. The property was purchased for $208,500 with a renovation budget of $30,000 and total loan funded at 78% LTC. The property is a single-family condo with 2-bedrooms, 1.5-bathrooms measured at 960 square feet. Renovation will focus on upgrades to the kitchen and bathroom, with the kitchen receiving new cabinets, new appliances, granite island, and new paint. Bathroom will receive all new tile work, alcove tubs, and new vanities. Property will also receive new lighting and a fresh coat of paint. Project is expected to take two weeks with final sale occurring shortly after completion.

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