Long Island Hard Money Loan For Purchase Only
Address: Valley Stream, NY
Purchase Price: $320,000
Renovation Budget: $20,000
Loan Amount: $208,000
Cash Available for Purchase: $208,000
Cash Available for Renovation: $0
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase Only
ARV: $320,000
Situation:
Asset Based Lending recently funded the purchase component of a fix and flip deal for an experienced borrower in Nassau County NY. On her own, the borrower will complete some cosmetic renovations, including updating the kitchen and bathroom.
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