Freeport NY Hard Money Loan For Fix And Flip
Address: Freeport, NY
Borrower Profile: Experienced Investor
Work Description: Gut Renovation Of Single Family Property
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
Sale Price: $450,000
![Hard money lenders NY](https://cdn.abl1.net/wp-content/uploads/2018/11/IMG_4112low-res.jpg)
Front – Before
![](https://cdn.abl1.net/wp-content/uploads/2018/11/IMG_4994fixedlowres.jpg)
Front – After
Situation:
Asset Based Lending financed a hard money loan for a repeat borrower and experienced investor looking to fix and flip a single family home in Nassau County, New York. The project was to be a complete gut renovation, requiring a $90,000 scope of work. In addition to completely overhauling the inside, the renovation plan includes replacing the roof, building a new deck in the backyard, and re-paving the driveway.
Outcome:
![NY hard money loans](https://cdn.abl1.net/wp-content/uploads/2018/11/IMG_4057lowres.jpg)
Kitchen – Before
![NY hard money lender for real estate](https://cdn.abl1.net/wp-content/uploads/2018/11/IMG_4049lowres.jpg)
Interior – Before
![Hard money fix and flip loans New York](https://cdn.abl1.net/wp-content/uploads/2018/11/IMG_4079lowres.jpg)
Bathroom – Before
![Hard money lenders NY](https://cdn.abl1.net/wp-content/uploads/2018/11/IMG_4855fixedlowres.jpg)
Kitchen – After
![Hard money loans in New York](https://cdn.abl1.net/wp-content/uploads/2018/11/IMG_4792fixedlowres.jpg)
Interior – After
![](https://cdn.abl1.net/wp-content/uploads/2018/11/IMG_4936fixedlowres.jpg)
Bathroom – After
Get Started
![prequalify-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/prequalify-icon.png)
![call-us-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/call-us-icon.png)
![email-us-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/email-us-icon.png)