Clinton Maryland Fix And Flip Hard Money Loan
Address: Clinton, MD
Purchase Price: $170,500
Renovation Budget: $45,000
Loan Amount: $181,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $321,000
Situation:
Asset Based Lending recently funded a hard money loan for the purchase and rehab of a single family REO. The investors are experienced flippers, having completed over 20 deals in the last two years. The renovations are expected to take 30 days, and include new floors, upgraded bathrooms and kitchen, as well as new appliances and cabinets. The property is located just 16 miles from Washington D.C., and is adjacent to Andrews Air Force Base.
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