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Westwood Massachusetts Fix And Flip Hard Money Loan

Address: Westwood, MA
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Cosmetic Rehab - Single Family
Purchase Price: $505,000
Renovation Budget: $65,832
Loan Amount: $495,000
Cash Available for Purchase: $429,168
Cash Available for Renovation: $65,832
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $805,000

Asset Based Lending recently funded a fix and flip hard money loan in Westwood Massachusetts. The borrower is a repeat borrower that is a full-time real estate investor. The property was purchased for $505,000 with a renovation budget of $65,832 and total loan funded at 87% LTC. The property is a single-family 3-bedroom, 2.5-bathroom measured at 1,724 square feet. Renovation will be mostly cosmetic with the exterior receiving fresh paint and all new windows along with minor landscaping. Interior work will focus on refinishing the bathrooms, updating the vanities, and overhauling the existing kitchen. Rehab is expected to take approximately 60 days, with final sale occurring within 60 days of completion.

Massachusetts hard money lenders
Hard money fix and flip loan in Westwood MA
Massachusetts hard money lenders
Hard money loan in Westwood Massachusetts
Massachusetts hard money lenders
hard money fix and flip loans in Westwood MA
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