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Hard Money Fix And Flip Loan In Baltimore MD

Address: Baltimore, MD
Borrower Profile: Repeat Borrower
Work Description: Fix & Flip - Single Family
Purchase Price: $125,000
Renovation Budget: $45,000
Loan Amount: $144,000
Cash Available for Purchase: $99,000
Cash Available for Renovation: $45,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $260,000

ABL recently funded a hard money fix and flip loan for a team of experienced real estate investors and repeat borrowers. The subject property is a 1,360 square foot 3 bed 2 bath single family home with an unfinished basement. The $45,000 scope of work for renovations includes repairing the roof and deck, replacing windows, finishing the basement, installing HVAC, gutting the kitchen and bathrooms, refinishing the floors, and replacing the light fixtures throughout.

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