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Nashua New Hampshire Fix and Flip Hard Money Loan

Address: Nashua, NH
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Cosmetic Rehab - Single Family
Purchase Price: $210,000
Renovation Budget: $110,848
Loan Amount: $288,000
Cash Available for Purchase: $177,152
Cash Available for Renovation: $110,848
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $421,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan in Nashua, New Hampshire. The borrower is a repeat borrower and full-time real estate investor that performs multiple flips per year. The property was purchased for $210,000 with a renovation budget of $110,848 and total loan funded at 90% LTC. This property is a single-family 4-bedroom, 1-bathroom measured at 1,867 square feet. Project will primarily be a cosmetic overhaul, with the exterior receiving new siding, new roof, new windows, and new attached deck. Interior will receive a new bathroom and kitchen as well as refinished floors and new doors. Renovation is expected to take two months with final sale occurring within five months.

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