Fix And Flip Loan In Freeport NY Funded By Hard Money Lender
Address: Freeport, NY
Borrower Profile: Experienced Investor
Purchase Price: $211,000
Renovation Budget: $90,000
Loan Amount: $255,000
Cash Available for Purchase: $165,000
Cash Available for Renovation: $90,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $400,000
Situation:
This repeat borrower came back to Asset Based Lending for a hard money loan to fund the purchase and rehab of a single family home in Nassau County NY. This fix and flip has a $90,000 renovation budget, and we can’t wait to see what this experienced investor does with this total gut rehab!
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