fix and flip investment properties

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Florida Hard Money Lender: St Petersburg Fix & Flip Loan

Address: St Petersburg, FL
Borrower Profile: Experienced Investor & Builder
Work Description: Gut Renovation - Single Family
Purchase Price: $110,000
Renovation Budget: $150,000
Loan Amount: $217,000
Cash Available for Purchase: $67,000
Cash Available for Renovation: $150,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $420,000
Situation:

Asset Based Lending recently funded this fix and flip loan in St Petersburg Florida for an extremely experienced investor and builder in the area. The plan is to complete a total gut renovation with an addition to ultimately build a home better suited for the local demographic. The finished home will be a 2,000 square foot 4 bed/2 bath with 14 foot ceilings, medium finishes plus a garage. This investor has already built and sold similar homes on the same street, and we’re confident this project will be equally successful!

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