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NY Hard Money Lender: Middletown Fix & Flip Loan

Address: Middletown, NY
Borrower Profile: Repeat Borrower
Work Description: Fix & Flip - Single Family
Purchase Price: $130,000
Renovation Budget: $38,000
Loan Amount: $142,000
Cash Available for Purchase: $104,000
Cash Available for Renovation: $38,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $235,000
Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in Middletown, New York. The project is a 1,352 square foot split level home with the kitchen and living room on the main floor and 3 bedrooms with a full bath upstairs. The downstairs level has the half bath, laundry room, and an additional spare room. The $38,000 scope of work for this project includes standard upgrades and renovations throughout.

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