201-942-9089 info@abl1.net

Brookhaven Georgia Fix And Flip Loan

Address: Brookhaven, GA
Borrower Profile: First Time Borrower — Full Time Real Estate Investor
Work Description: Gut Renovation — Single Family
Purchase Price: $1,495,000
Renovation Budget: $220,000
Loan Amount: $1,224,000
Cash Available for Purchase: $1,004,000
Cash Available for Renovation: $220,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $2,040,000

Asset Based Lending recently funded a hard money fix and flip loan in Brookhaven Georgia. The borrower is a first time borrower and full time real estate investor. The property is a 5-bedroom, 5-bathroom measured at 5,700 square feet. Exterior will receive updated siding, new asphalt driveway, fresh coat of paint, and repairs to the retaining wall. Interior will receive hardwood floors throughout, updates to molding and trim, updated electrical, and new fixtures. Kitchen will receive new countertops and refinishing of existing cabinets. Bathrooms will be gutted and replaced on main floor. The basement will be finished, including gut renovation to the basement bathroom. Project is expected to take four months with final sale occurring shortly after completion.