201-942-9089 info@abl1.net

Fix And Flip Loan In Brentwood NY Funded By Hard Money Lender

Address: Brentwood, NY
Purchase Price: $190,000
Renovation Budget: $50,000
Loan Amount: $192,000
Cash Available for Purchase: $142,000
Cash Available for Renovation: $50,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $370,000

Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a purchase and rehab project in Brentwood, New York. The $50,000 scope of work for renovations includes updating the kitchen and bathrooms, repairing the fireplace, and updating the paint and floors throughout. We can’t wait to see what this experienced fix and flip investor and repeat borrower does with this deal!