fix and flip investment properties

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Huntington, NY Fix And Flip Funded By Hard Money Lender

Address: Huntington, NY
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Gut Renovation - Single Family
Purchase Price: $500,000
Renovation Budget: $96,500
Loan Amount: $536,000
Cash Available for Purchase: $439,500
Cash Available for Renovation: $96,500
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $850,000
Sale Price: $1,079,000 (Listed)
Situation:

Asset Based Lending funded a hard money loan for the purchase and rehab of a single family home in Huntington, New York. The investor is a repeat borrower and experienced investor who found the property through his local network of wholesalers. The subject property is a 2,600 square foot 4 bed / 3 bath home on 1 acre in need of roughly $96,000 in renovations. The $96,000 scope of work for this fix and flip includes pool repairs, finishing the basement, installing new HVAC and electrical systems, gutting the kitchen and bathrooms, as well as new flooring throughout.

Outcome:

Rear - Before
NY hard money loans
Rear - After
Kitchen - Before
Hard money loans in Long Island NY
Kitchen - After
Fix and flip lenders NY
Living Room - Before
Hard money loans in NY for fix and flip
Living Room - After
Long Island NY hard money lender
Bathroom - Before
Long Island hard money lender
Bathroom - After
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