Hard Money Fix & Flip Loan In Staten Island, NY
Address: Staten Island, NY
Borrower Profile: Experienced Investor
Work Description: Fix & Flip – Single-Family
Purchase Price: $510,000
Renovation Budget: $10,000
Loan Amount: $449,000
Cash Available for Purchase: $449,000
Cash Available for Renovation: $0
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase Only
ARV: $599,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for the purchase and renovation of a multi-family home in Staten Island, New York—offering this experienced investor 88% of purchase cost and 75% of ARV. This 1,479 square foot property has a 3 bed/4 bath layout and only requires a light cosmetic rehab.
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