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Hard Money Fix & Flip Loan In West Hartford, CT

Address: West Hartford, CT
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Fix & Flip - 3 Properties
Purchase Price: $510,000
Renovation Budget: $100,000
Loan Amount: $533,000
Cash Available for Purchase: $433,000
Cash Available for Renovation: $100,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $845,00
Situation:

Asset Based Lending recently funded a hard money fix and flip loan for an experienced real estate investor in West Hartford, Connecticut, offering 85% of purchase. This blanket loan is comprised of three properties: single family, two-family, and three-family. The scope of work for all three includes kitchen and bathroom renovations, appliance upgrades, and some exterior cosmetic changes.

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