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Bay Minette Alabama Fix And Flip Loan

Address: Bay Minette, Alabama
Borrower Profile: Repeate Borrower — Experienced Real Estate Investor
Work Description: Fix and Flip — Single Family
Purchase Price: $117,500
Renovation Budget: $69,115
Loan Amount: $149,000
Cash Available for Purchase: $79,885
Cash Available for Renovation: $69,115
Loan Structure: 12 months interest only
Loan Purpose: Cash Out & Property Rehabilitation
ARV: $230,000
AL hard money loan
Alabama property rehab

Asset Based Lending recently funded this fix and flip loan in Bay Minette, Alabama with a repeat borrower and experienced real estate investor. This single-family property was purchased for $117,500 with a construction escrow of $69,115 and a loan amount of $149,000. The scope of work for this project includes a new roof, door touch up, and landscape clean-up for the exterior. The interior will have new kitchen cabinets, countertops, backsplash, and stainless-steel appliances. The bathroom will receive new vanities and toilets. The borrower expects a 6–9-month timeline and an exit strategy to sell.

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