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Florida Hard Money Lender: Naples Condo Fix & Flip

Address: Naples, FL
Borrower Profile: Experienced Contractor
Work Description: Fix & Flip - Single Family Condo
Purchase Price: $161,700
Renovation Budget: $18,000
Loan Amount: $147,000
Cash Available for Purchase: $129,000
Cash Available for Renovation: $18,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $265,000
Situation:

The borrower for this 1,554 square foot 3 bedroom / 2 bathroom condo fix and flip in Naples, Florida is a licensed general contractor that has been renovating properties for years. This project will be his first as the primary investor. ABL funded a hard money fix and flip loan that includes an $18,000 rehab budget that will be used to open the kitchen to the living room, replace appliances and cabinet fronts, install a new backsplash, and other cosmetic upgrades throughout.

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