201-942-9089 [email protected]

Manchester Connecticut Fix & Flip Loan

Address: Manchester, CT
Borrower Profile: First Time Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $109,900
Renovation Budget: $36,000
Loan Amount: $116,000
Cash Available for Purchase: $80,000
Cash Available for Renovation: $36,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $198,000
Connecticut hard money lender
Hard money loans in Connecticut

Situation:

Asset Based Lending recently funded a hard money loan in Manchester Connecticut for a real estate investor embarking on his first fix and flip project. The property was found with the help of a realtor, and is located in the area where the investor has lived for the last 18 years. The scope of work for the $36,000 rehab includes re-finishing the hardwood floors, upgrading the kitchen and bathroom, fixing the roof, and other cosmetic upgrades throughout.

Hard money lenders CT
Manchester CT fix and flip lender
Hard money fix and flip loan
Hard money fix and flip loan in Manchester CT