201-942-9089 info@abl1.net

Nassau County Fix And Flip Loan Funded By Hard Money Lender In NY

Address: Hempstead, NY
Purchase Price: $311,000
Renovation Budget: $64,000
Loan Amount: $312,000
Cash Available for Purchase: $248,000
Cash Available for Renovation: $64,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $520,000

Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip investment property in Hempstead NY. This 4-unit building in Nassau County Long Island is just minutes from Hofstra and Nassau Community College and in need of over $60,000 worth of renovations. The scope of work for this project includes installing separate boilers for each apartment, a new driveway, and gutting all kitchens and bathrooms throughout.