201-942-9089 info@abl1.net

Monroe Georgia Fix And Flip Loan

Address: Monroe, Georgia
Borrower Profile: First-Time Borrower — Experienced Real Estate Investor
Work Description: Fix and Flip — Single Family Detached
Purchase Price: $315,000
Renovation Budget: $122,000
Loan Amount: $348,000
Cash Available for Purchase: $226,000
Cash Available for Renovation: $122,000
Loan Structure: 12 months interest only
Loan Purpose: Purchase & Renovation
ARV: $557,000
Monroe Hard Money Lender
GA Rehab Loan

­Asset Based Lending recently funded a fix and flip loan to a first-time borrower and experienced real estate investor in Monroe Georgia. These real estate investors purchased this single-family home to perform cosmetic renovations and demolish the dilapidated barn on the side of the property. The purchase price on this property was $315,000 and ABL’s total loan amount was $322,000 which amounts to 80% LTC. The borrower intends to invest $122,000 into the renovations which include updating the kitchen with new shaker cabinets, quartz countertops with a 4-seater peninsula, and stainless-steel appliances. For the main bathroom the borrowers will install a new stand-up shower and double vanity, while the remaining bathrooms will be updated with new shower-tub combos and new fixtures. The hardwood floors throughout the home will be refinished, and new paint will be used throughout the entire interior. The exterior renovations include installing a new roof, repairing the gutters, siding, and cleaning up the existing landscaping. Once the renovations are completed the borrowers will list the property on the market for final sale.

GA Hard Money
Monroe Rehab Loan
Georgia Fix and Flip
Monroe Fix and Flip