Monroe Georgia Fix And Flip Loan
![front - monroe ga Monroe Hard Money Lender](https://cdn.abl1.net/wp-content/uploads/2024/04/front-monroe-ga.png)
![rear - monroe ga GA Rehab Loan](https://cdn.abl1.net/wp-content/uploads/2024/04/rear-monroe-ga.png)
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.
![living - monroe ga GA Hard Money](https://cdn.abl1.net/wp-content/uploads/2024/04/living-monroe-ga.png)
![bed - monroe ga Monroe Rehab Loan](https://cdn.abl1.net/wp-content/uploads/2024/04/bed-monroe-ga.png)
![kitchen - monroe ga Georgia Fix and Flip](https://cdn.abl1.net/wp-content/uploads/2024/04/kitchen-monroe-ga.png)
![bath - monroe ga Monroe Fix and Flip](https://cdn.abl1.net/wp-content/uploads/2024/04/bath-monroe-ga.png)
![prequalify-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/prequalify-icon.png)
![call-us-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/call-us-icon.png)
![email-us-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/email-us-icon.png)