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Milledgeville GA Fix And Flip Loan

Address: Milledgeville, Georgia
Borrower Profile: Repeat Borrower — Real Estate Investor
Work Description: Fix and Flip — Single Family
Purchase Price: $85,000
Renovation Budget: $65,000
Loan Amount: $127,000
Cash Available for Purchase: $62,000
Cash Available for Renovation: $65,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $235,000
Georgia Fix and Flip
hard money loan in GA

Asset Based Lending recently funded a fix and flip loan with a repeat borrower and real estate investor in Milledgeville, Georgia. The property was purchased for $85,000 with a renovation budget of $65,000 and a loan amount of $127,000. Exterior work includes repairing the roof, power washing and painting the siding, and replacing glass on select windows, along with landscaping. Inside, upgrades include a new kitchen with granite countertops and GE stainless steel appliances, bathroom renovations, flooring refinishing, and a fresh coat of paint. Electrical fixtures will be updated, and all plumbing will be replaced. The timeline for completion is estimated at 6-9 months.

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