fix and flip investment properties

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MD Hard Money Lender: Baltimore Fix & Flip Loan

Address: Baltimore, MD
Borrower Profile: First Time Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $286,500
Renovation Budget: $30,000
Loan Amount: $253,000
Cash Available for Purchase: $223,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $412,000

Asset Based Lending recently funded a multi-property fix and flip loan in Baltimore, Maryland for an investor embarking on his first solo fix and flip. The deal includes three properties on the same block in Baltimore. The first is an 1,180 square foot 3 bed 1 bath single family home that was purchased at auction and requires roughly $25,000 in rehab. The other two properties are 1,340 square feet each, all requiring similar cosmetic renovations.

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