201-942-9089 info@abl1.net

Decatur Georgia Fix And Flip Loan

Address: Decatur, GA
Borrower Profile: Repeat Borrower — Experienced Real Estate Investor
Work Description: Vertical Addition — Single Family
Purchase Price: $440,000
Renovation Budget: $150,000
Loan Amount: $501,000
Cash Available for Purchase: $351,000
Cash Available for Renovation: $150,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $858,000
Hard money fix and flip loan GA
Direct hard money lender ABL

Asset Based Lending recently funded a hard money fix and flip loan in Decatur Georgia. The borrower is a repeat borrower and experienced real estate investor. The property is currently a 3-bedroom, 2-bathroom measured at 1,505 square feet that will receive an addition and be transformed into a 5-bedroom, 4-bathroom measured at 2,337 square feet. Scope of work will focus on vertical addition as well as multiple interior and exterior updates. The interior will be highlighted by high-end finishes, refinished hardwood floors, new Tudor style windows, and new HVAC system. Kitchen will receive custom cabinets, quartz countertops, stainless steel appliances, and new hardwood floors to match the rest of the home. Bathroom highlights will include new tile, vanities, tubs, and toilets with the master bathroom receiving higher end finishes. Project is expected to take three months with final sale occurring shortly after completion.

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