fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

New Rochelle New York Fix And Flip Loan

Address: New Rochelle, NY
Borrower Profile: First-Time Borrower – Experienced Real Estate Investor
Work Description: Cosmetic Renovation & Repairs – Single-Family
Purchase Price: $850,000
Renovation Budget: $31,800
Loan Amount: $712,000
Cash Available for Purchase: $680,200
Cash Available for Renovation: $31,800
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $950,000
Situation:

Asset Based Lending recently funded a fix and flip loan in New Rochelle New York. The borrower is a first-time borrower and experienced real estate investor. The property was purchased for $850,000 with a renovation budget of $31,800 and total loan funded at 80% LTC. The property is a single-family 5-bedroom, 4.5-bathroom measured at 4,275 square feet. Renovation will be largely cosmetic with repairs to the garage door, addition of carpet to the floors, and fresh coat of paint for the house. The major points of work will be gutting and finishing the master bathroom with new tile floor, new vanities, and new fixtures. Kitchen will also receive new cabinets, new backsplash, and new stainless steel appliances. Renovation is expected to take between one and two months with final sale occurring shortly after project completion.

Fix and flip loan New Rochelle NY
Hard money loans NY
Fix and flip loans NY
NY fix and flip loans for real estate investors
Hard money fix and flip loan New Rochelle NY
New Rochelle NY fix and flip loan
Prequalify For A Hard Money Loan Today
Get Started