fix and flip investment properties

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CT Hard Money Lender – Derby Fix & Flip Loan

Address: Derby, CT
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Fix & Flip - Single Family
Purchase Price: $247,800
Renovation Budget: $30,000
Loan Amount: $239,000
Cash Available for Purchase: $209,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $355,000
Situation:

Asset Based Lending recently funded a hard money loan for a repeat borrower starting a fix and flip project in Derby, Connecticut. The property is currently in foreclosure, found by the investor online using Hubzoo. The scope of work for the 2,300 square foot 3 bed 3 bath single family is mostly cosmetic. The investor will update the kitchen and bathrooms, replace carpeting, and refinish the hardwood floors throughout.

Hard money fix and flip loans
Connecticut hard money lender
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