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Hard Money Cash Out And Rehab Loan In Cape Coral, FL

Address: Cape Coral, FL
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $115,500
Renovation Budget: $25,000
Loan Amount: $118,000
Cash Available for Purchase: $93,000 (Cash Out)
Cash Available for Renovation: $25,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Cash Out And Rehabilitation
ARV: $182,000
Situation:

Asset Based Lending recently financed this cash out and renovation loan for a repeat borrower and experienced real estate investor in Cape Coral, Florida. The subject property is a 1500 square foot 3 bed / 2 bath single family home in need of just $25,000 in renovations. Having completed approximately 20 deals in the last 2 years, this experienced investor plans to be out of to finish the rehab and sell the project in approximately 3 months.

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