fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

FL Hard Money Lender – Naples Fix & Flip Loan

Address: Naples, FL
Borrower Profile: Experienced Contractor
Work Description: Gut Renovation - Single Family
Purchase Price: $200,000
Renovation Budget: $40,000
Loan Amount: $200,000
Cash Available for Purchase: $160,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $359,000
Situation:

Asset Based Lending recently financed a hard money loan for a fix and flip project in Naples, Florida. The borrower is an experienced general contractor with experience flipping land parcels and renovating homes for clients. The subject property is a single-family 3 bed / 2 bath with a detached garage that has been partially converted. The work that was completed was permitted, and the investor needs another $40,000 to finish the renovation by adding two bedrooms and air-conditioning. The main building is approximately 1340 sqft and the detached “inlaw suite“ is approximately 700 sqft.

Naples FL hard money lender
Hard money loans in Naples Florida
FL hard money lenders
FL fix and flip loan
Prequalify For A Hard Money Loan Today
Get Started
Menu