Hard Money Fix and Flip in Brooklyn NY
Address: Brooklyn, NY
Borrower Profile: Experienced Investor
Work Description: Fix and Flip - Multi-Family
Purchase Price: $1,230,000
Renovation Budget: $230,000
Loan Amount: $990,000
Cash Available for Purchase: $760,000
Cash Available for Renovation: $230,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $1,850,000
Exterior – After
Interior – After
Situation:
This experienced husband and wife real estate investing team won their two-family Brooklyn fix and flip in a bidding war in March. In less than four months, they transformed the outdated building into a modern, light-filled property filled with beautiful natural wood. The abundant windows and spacious deck surrounded by greenery brings nature into the renovated home. The completed project is now on the market for over $2 million.
Outcome:
Bathroom – Before
Interior – Before
Kitchen – Before
Bathroom – After
Kitchen – After
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