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Fix & Flip In New Haven Funded By Connecticut Hard Money Lender

Address: New Haven, CT
Work Description: Fix & Flip - Two Family
Purchase Price: $123,375
Renovation Budget: $36,000
Loan Amount: $126,000
Cash Available for Purchase: $90,000
Cash Available for Renovation: $36,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $194,000
Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in New Haven, Connecticut. The investor found ABL online, and came to us to finance the purchase and rehab of this multifamily property purchased at auction. The $36,000 scope of work for this 3,000 square foot 2-family property includes gutting the kitchens and bathrooms, refinishing the hardwood floors, replacing rotted duct work in the basement, converting a living room to a bedroom, and other cosmetic upgrades throughout.

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