Fix And Flip In Cape Coral Funded By Florida Hard Money Lender
Address: Cape Coral, FL
Work Description: Fix & Flip - Single Family
Purchase Price: $155,000
Renovation Budget: $30,000
Loan Amount: $155,000
Cash Available for Purchase: $125,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $246,000
Situation:
After moving to Florida about a year ago, these real estate investors have decided to launch their first fix and flip in their new home state with a project in Cape Coral. ABL financed a hard money loan for the purchase and rehab of this 3 bed / 2 bath home in need of roughly $30,000 in renovations. The renovation has already been started, so the remaining work is mostly cosmetic.
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