fix and flip investment properties

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Hard Money Fix and Flip Loan in Rocky Point, NY

Address: Rocky Point, NY
Borrower Profile: First-Time Investor, Experienced Contractor
Work Description: Fix and Flip - Single Family
Purchase Price: $133,000
Renovation Budget: $92,000
Loan Amount: $191,000
Cash Available for Purchase: $106,000
Cash Available for Renovation: $85,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $350,000
Sale Price: $380,000
Situation:

This borrower made his hard money fix and flip loan work, transforming a simple 2 bedroom house into a classic, modern, and airy 4-bedroom home. His finished project is almost unrecognizable when compared with the outset. With hardwood floors, fresh white walls, and a high-end kitchen with stainless steel appliances, it’s no wonder that this property sold for above asking price. A job well-done by this first time ABL borrower and investor!

Outcome:

Bathroom - Before
New York fix and flip loan
Bathroom - After
Kitchen - Before
NY hard money lenders
Kitchen - After
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