Stony Brook NY Fix And Flip

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Address: Stony Brook, NY

Borrower Profile: Attorney And Experienced Investor

Work Description: Extensive Rehab To Single Family Home

Purchase Price: $275,000

Renovation Budget: $110,000

Loan Amount: $178,750

Cash Available for Purchase:

Cash Available for Renovation:

Loan Structure: 12 Months Interest Only

Loan Purpose: Property Purchase

ARV: $520,000

Long Island Hard Money Lender Fix And Flip

Exterior After Rehab

Hard money lender in long island for fix and flip

Exterior Before Rehab

Situation:

This professional investor and attorney came to Asset Based Lending for a hard money loan in order to fund the purchase of a single family investment property in Stony Brook, NY. The borrower is using privately raised capital to fund the renovations, and ABL’s financing to fund the purchase of the home.

Asset Based Lending is a direct hard money lender in Long Island, NY.

Outcome: