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Lake Peekskill NY Hard Money Loan For Fix & Flip

Address: Lake Peekskill, NY
Work Description: Fix and Flip - Single Family
Purchase Price: $110,000
Renovation Budget: $40,000
Loan Amount: $120,000
Cash Available for Purchase: $80,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $250,000

This investor in Lake Peekskill NY came to Asset Based Lending in need of a hard money loan to finance this fix and flip project. The project is a purchase and rehab of an semi-detached single family property in Putnam County. The scope of work for renovations includes replacing the roof, updating the deck, upgrades to the kitchens and bathrooms, and new flooring throughout.

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