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Nashua New Hampshire Fix & Flip Hard Money Loan

Address: Nashua, NH
Borrower Profile: Repeat Borrower – Highly Experienced Investor
Work Description: Kitchen Remodel & Cosmetic Upgrades – Single-Family Detached
Purchase Price: $280,000
Renovation Budget: $25,000
Loan Amount: $245,000
Cash Available for Purchase: $220,000
Cash Available for Renovation: $25,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $338,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan in Nashua New Hampshire. The borrower is a highly experienced real estate investor that has worked with ABL on several previous deals. The property was purchased for $280,000 with a renovation budget of $25,000 and total loan funded at 80% LTC. This single-family detached is a 3-bedroom, 1-bathroom measured at 1,078 square feet. Renovation focus will be on kitchen remodeling and interior cosmetic upgrades. Kitchen remodeling will include new cabinets, granite countertops, and stainless-steel appliances. Cosmetic upgrades will include hardwood floors throughout the property, fresh paint, and a minor bath remodel. Renovation is expected to take approximately 30 days with final sale occurring another 30 days after completion.

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