201-942-9089 info@abl1.net

Lowell Massachusetts Fix and Flip Loan

Address: Lowell, Massachusetts
Borrower Profile: Returning Borrower – Experienced Real Estate Investor
Work Description: Fix and Flip - Single Family
Purchase Price: $205,000
Renovation Budget: $27,000
Loan Amount: $201,000
Cash Available for Purchase: $174,000
Cash Available for Renovation: $27,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $296,000
MA Real Estate
Massachusetts fix and flip

Asset Based Lending recently funded a fix and flip loan in Lowell Massachusetts for a longtime repeat borrower and highly experienced real estate investor. The property was purchased for $205,000 with a loan amount of $201,000. The scope of work for this 1,100 square foot project will include new doors, light fixtures, and paint throughout the interior. Kitchen will receive painted cabinets, new granite counters, and stainless-steel appliances. The bathroom will be refreshed with a reglazed tub, new toilet, and vanity. The AC will be replaced or repaired as needed. The rehabilitation timeline is one month, with two months for sale.

MA Hard Money Loan
MA fix and flip
Massachusetts Hard Money Loan