201-942-9089 info@abl1.net

Williamsburg Ohio Fix And Flip Loan

Address: Williamsburg, OH
Borrower Profile: First Time Borrower — Part Time Real Estate Investor
Work Description: Cosmetic Renovation — Single Family
Purchase Price: $92,000
Renovation Budget: $34,000
Loan Amount: $105,000
Cash Available for Purchase: $105,000
Cash Available for Renovation: $34,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $165,000

Asset Based Lending recently funded a hard money fix and flip loan in Williamsburg Ohio. The borrower is a first-time borrower and full-time real estate investor. The property is a single family 3-bedroom, 1-bathroom measured at 1,421 square feet. Borrower will hold the property as an income-producing asset with ABL’s rental refinance program. Renovation will be cosmetic including a new 40-year roof with roof vents, new light fixtures, and refinishing hardwood floors. Kitchen will receive stock-made cabinets, new sink, granite counters, and stainless steel appliances. Bathroom will receive new vanity, new shower doors, and vent fan. Project is expected to take four months with loan refinance occurring shortly completion.