Valley Stream Long Island NY Fix And Flip Hard Money Loan
Address: Long Island, NY
Purchase Price: $310,000
Renovation Budget: $40,000
Loan Amount: $273,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $420,000
Situation:
This investor found Asset Based Lending at a local Real Estate Investor Association meetup event. An experienced flipper in Long Island and the New York Area, this borrower decided to use a hard money loan in order to further leverage his capital. This project is a 3 bedroom 1 bathroom single family home. The scope of work for renovations includes full overhaul of the kitchen, bathroom, siding, driveway, flooring, and basement.
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