201-942-9089 info@abl1.net

Westport Connecticut Fix And Flip Loan

Address: Westport, CT
Borrower Profile: Repeat Borrower — Experienced Real Estate Investor
Work Description: Gut Renovation — Single Family
Purchase Price: $700,000
Renovation Budget: $200,000
Loan Amount: $760,000
Cash Available for Purchase: $560,000
Cash Available for Renovation: $200,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $1,325,000
Westport CT fix and flip loan
Hard money lender Connecticut

Asset Based Lending recently funded a hard money fix and flip loan in Westport CT. The borrower is a repeat borrower and experienced real estate investor. The property is a 5-bedroom, 3-bathroom that’s being transformed into a 4-bedroom, 3-bathoom by greatly expanding the master suite and measured at a total 2,655 square feet. This gut renovation will focus on opening the current home layout and updating the kitchen and bathroom areas. Exterior updates will include fresh landscaping, roof repairs, partial siding replacement, new doors and potential for new windows. Interior renovation will include the expansion of master suite, refinishing the flooring, and repairs to the sheetrock as needed. Kitchen will receive granite countertops, stainless steel appliances, and new flooring. Project is expected to take eight months with final sale occurring shortly after completion.

Fix and flip loan CT
Direct hard money lender CT
Fix and flip loan Connecticut
Hard money loans CT