Brooklyn NY Fix And Flip Hard Money Loan
Address: Brooklyn, NY
Borrower Profile: Experienced investors
Work Description: Extensive rehab to multi-family building
Purchase Price: $1,400,000
Renovation Budget: $400,000
Loan Amount: $1,450,000
Cash Available for Purchase: $1,050,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $2,200,000
Sale Price: $2,150,000
Situation:
This experienced real estate investor found Asset Based Lending by searching online after his previous hard money lender ran out of money and was unable to fund the deal. ABL funded 80% of the purchase plus 100% of the rehab costs. The extensive renovations included adding almost 900 square feet and totaled roughly $400,000.
Outcome:
You have to see it to believe it. Take a look at this before and after video to see the project’s progression from start to finish.
Bathroom – Before
Kitchen – Before
Bedroom – After
Bathroom – After
Kitchen – After
Kitchen – After
Get Started
