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Boston MA Hard Money Fix And Flip Loan

Address: Boston, MA
Borrower Profile: First Time Borrower With Fix And Flip Experience
Work Description: Gut Renovation - Single Family
Purchase Price: $409,000
Renovation Budget: $75,000
Loan Amount: $435,000
Cash Available for Purchase: $360,000
Cash Available for Renovation: $75,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $610,000
Sale Price: $592,500
Time To Pay Off: 4 Months
Situation:

Asset Based Lending loves seeing successful fix and flips that we funded, and one of those occurred recently in Boston MA. ABL funded a hard money fix and flip loan for a first-time borrower with previous fix and flip experience. The project was a gut renovation purchased for $409,000 with a renovation budget of $75,000 funded at 90% LTC. Most of the home was updated, including gutting the kitchen and the bathroom and updating the plumbing and electric. The property was 1100 square foot that was upgraded to 1500 square foot with the addition of a finished basement that converted the house to three bedroom and three bath. Highlighted by beautiful new bay windows in the kitchen, a brand-new roof, and upgraded bed and bath count, this property sold for $592,500. Our team loves to see success stories, so we are always ready to provide the most reliable fix and flip loans MA has to offer.

Living Room - Before
hard money loans for fix and flips in Boston MA
Living Room - After
fix and flip loans in Boston
Kitchen - Before
Boston fix and flip lenders
Kitchen - After
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Bedroom - Before
Boston private lenders for fix and flip
Bedroom - After
Bathroom - Before
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