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Hard Money Fix & Flip Loan In Arnold, MD

Address: Arnold, MD
Borrower Profile: Experienced Investor
Work Description: Fix & Flip – Single-Family
Purchase Price: $215,000
Renovation Budget: $78,975
Loan Amount: $262,000
Cash Available for Purchase: $183,025
Cash Available for Renovation: $78,975
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $333,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan to an experienced real estate investor in Arnold, Maryland—offering 85% purchase and 100% rehab. This 1,500 square foot single-family property has 4 bedrooms and 2 bathrooms. The scope of work for this property includes bathroom upgrades, new plumbing, new siding, and outdoor repairs.

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