Hard Money Loan In Hartford Funded By CT Hard Money Lender
Address: East Hartford, CT
Borrower Profile: Repeat Borrower
Work Description: Fix & Flip - Single Family
Purchase Price: $140,000
Renovation Budget: $30,000
Loan Amount: $142,000
Cash Available for Purchase: $112,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $225,000
Situation:
After completing his first fix and flip project in Connecticut with the help of ABL’s hard money loan, this real estate investor came back to ABL to finance his second project. The scope of work for this $30,000 renovation is mostly cosmetic and includes upgrading the roof and windows, opening up the kitchen, and other minor repairs throughout the property.
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