201-942-9089 info@abl1.net

Conway South Carolina Fix And Flip Loan

Address: Conway, SC
Borrower Profile: First Time Borrower — Experienced Real Estate Investor
Work Description: Cosmetic Renovation — Single Family
Purchase Price: $267,000
Renovation Budget: $25,500
Loan Amount: $227,500
Cash Available for Purchase: $227,500
Cash Available for Renovation: $25,500
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $375,000
Fix and flip Conway South Carolina
Hard money lender South Carolina

Asset Based Lending recently funded a hard money fix and flip loan in Conway South Carolina. The borrower is an experienced real estate investor and first time borrower with ABL. The property is a single-family 4-bedroom, 2.5-bathroom measured at 2,088 square feet. Renovation will be mostly cosmetic, with the exterior receiving minor landscaping updates and power washing. Interior will see all flooring replaced with LVP floors, new light fixtures, updated trim throughout, and accent walls added to the bedrooms. Kitchen will feature refinished cabinets, new tile backsplash, and stainless steel appliances. Project is expected to take three months with final sale occurring shortly after completion.

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