201-942-9089 [email protected]

Hard Money Loan For Fix & Flip In Laurel Maryland

Address: Laurel, MD
Borrower Profile: Experienced Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $230,000
Renovation Budget: $48,000
Loan Amount: $232,000
Cash Available for Purchase: $172,000
Cash Available for Renovation: $48,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $357,000
Maryland hard money lender

Situation:

Asset Based Lending recently financed a hard money loan for a fix and flip project in Laurel, Maryland. The investor team is new to ABL, but is experienced with several flips and rentals under their belt. The subject property is a 1,000 square foot 3 bed / 1.5 bath (plus basement) single family home. The $48,000 scope of work for renovations includes converting the floor plan to a 4 bed / 3 bath with the finished basement, upgrading the HVAC and electrical systems, and replacing the flooring throughout.

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