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Hard Money Fix & Flip Loan In St. Petersburg, FL

Address: St. Petersburg, FL
Borrower Profile: Experienced Investor & Community Developer
Work Description: Fix & Flip – Single Family (Blanket Loan)
Purchase Price: $170,000
Renovation Budget: $0
Loan Amount: $153,000
Cash Available for Purchase: $153,000
Cash Available for Renovation: $0
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase Only
ARV: $255,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan for an experienced real estate investor and new ABL borrower in St. Petersburg, Florida—offering 90% of purchase as a part of ABL’s new high LTV loan program. This blanket loan is comprised of two detached single-family homes. After previous improvements, the scope of work for the 5 bed/2 bath includes appliance upgrades, a few cosmetic changes, and some urban agricultural development. The 4 bed/2 bath will receive appliance upgrades, new floors, and a new roof that the borrower is self-funding.

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St. Petersburg Fix and Flip Loan
Hard Money Loan in Florida
Hard Money Loan in St. Petersburg FL
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