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Hard Money Fix & Flip Loan In Pleasantville, NY

Address: Pleasantville, NY
Borrower Profile: Experienced Investor
Work Description: Fix & Flip – Single-Family
Purchase Price: $339,000
Renovation Budget: $95,000
Loan Amount: $390,000
Cash Available for Purchase: $295,000
Cash Available for Renovation: $95,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $580,000

Situation:

Asset Based Lending recently funded a 90% LTC hard money fix and flip loan to an experienced real estate investor in Pleasantville, New York—covering 100% of rehab. This 1,891 square foot single-family property has 5 bedrooms and 3 bathrooms. The scope of work for this gut renovation includes a completely redone kitchen, finished bathrooms, new flooring, new ceilings, and various outdoor repairs.