201-942-9089 info@abl1.net

Columbus Georgia Fix And Flip Loan

Address: Columbus, GA
Borrower Profile: First Time Borrower — Experienced Real Estate Investor
Work Description: Heavy Rehab — Single Family
Purchase Price: $874,800
Renovation Budget: $107,000
Loan Amount: $742,000
Cash Available for Purchase: $635,000
Cash Available for Renovation: $107,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $1,100,000

Asset Based Lending recently funded a hard money fix and flip loan in Columbus, Georgia county. The borrower is a first time borrower and experienced real estate investor. The property is a single family 3-bedroom, 3-bathroom measured at 4,639 square feet. Interior will see wallpaper removed and new paint applied as well as new fixtures installed throughout home. Kitchen will receive granite counters and new stainless steel appliances, while bathrooms receive new toilet and vanity along with new tubs. Exterior will receive updates to landscaping, fresh coat of paint, and power washing. Project is expected to take four months with the Columbus, Georgia fix and flip loan and the final sale will occur shortly after completion.