Queens NY Fix And Flip Hard Money Loan
Address: Queens, NY
Borrower Profile: Experienced Flipper
Purchase Price: $225,000
Renovation Budget: $80,000
Loan Amount: $208,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $320,000
Situation:
This extremely experienced real estate investor came to Asset Based Lending for leverage in order to scale his business and increase the amount of properties he’s able to flip each year. This investor specializes in gut renovation projects within 30 minutes of New York City, and has completed 10 similar fix and flip investments in the last two years.
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