fix and flip investment properties

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Monroe CT Fix And Flip

Address: Monroe, CT
Borrower Profile: Experienced Borrower And Builder.
Work Description: Heavy rehab of single family detached home in suburban stable neighborhood.
Purchase Price: $98,125
Renovation Budget: $67,650
Loan Amount: $140,000
Cash Available for Purchase: $72,350
Cash Available for Renovation: $67,650
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $240,000
Sale Price: $359,000
Time To Pay Off: 9 months
Situation:

This Connecticut fix and flip was the borrower’s fifth deal with us, and it’s a good thing he is an experienced investor because this project required a lot of rehab. It needed a new kitchen, roof, and doors, as well as permits for electrical and plumbing upgrades, and a new HVAC system and boiler.

Outcome:

This borrower did such good work that his finished product sold for over $100,000 more than expected! He more than doubled his investment – and paid off 3 months early. His talent as an investor is especially apparent in the before and after pictures of the living room: he preserved the aspects of the original house that gave it charm, like the brick fireplace and ceiling fan, but simplified and cleaned up the rest of the space to completely transform it. We’d say this is a model fix and flip!

Kitchen - Before
Kitchen - After
Interior - Before
CT fix and flip hard money lender
Interior - After
Hard money lenders in CT
Bathroom - Before
Fix and flip lender in Connecticut
Bathroom - After
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