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Fix And Flip Loan In Norwalk Connecticut

Address: Norwalk, CT
Borrower Profile: Experienced Investors
Work Description: Fix & Flip - Single Family
Purchase Price: $375,000
Renovation Budget: $110,000
Loan Amount: $436,000
Cash Available for Purchase: $326,000
Cash Available for Renovation: $110,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $680,000
Situation:

ABL recently funded a hard money fix and flip loan for a repeat borrower and experienced contractor in Norwalk CT. For this experienced investor, ABL was able to finance the fix and flip at 87% of purchase and 100% of rehab. The $100,000 scope of work for renovations is substantial, but mostly cosmetic and includes modernizing the floor plan, adding a half bathroom, and other cosmetic improvements internally and externally.

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