201-942-9089 [email protected]

Fix & Flip Loan Funded By MD Hard Money Lender

Address: Annapolis, MD
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Fix & Flip - Single Family
Purchase Price: $227,000
Renovation Budget: $86,000
Loan Amount: $281,000
Cash Available for Purchase: $195,000
Cash Available for Renovation: $86,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $397,000
MD hard money lender
Hard money lender in Maryland

Situation:

Asset Based Lending recently funded a hard money loan for a repeat borrower and experienced real estate investor in Annapolis, Maryland. This hard money fix and flip loan was funded at 90% of deal cost and 71% of ARV. The $86,000 scope of work is extensive and includes re-configuring the floorplan, adding a bedroom and bathroom, installing central air, replacing the roof and siding, as well as other upgrades throughout.

Fix and flip lenders in MD
Maryland hard money lenders
hard money fix and flip loans in Maryland
hard money loans in Maryland