201-942-9089 [email protected]

Pensacola Florida Fix And Flip Loan

Address: Pensacola, FL
Borrower Profile: Repeate Borrower — Real Estate Investor
Work Description: Fix and Flip — 4 Family
Purchase Price: $207,000
Renovation Budget: $48,100
Loan Amount: $212,000
Cash Available for Purchase: $163,900
Cash Available for Renovation: $48,100
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $297,000
Pensacola Hard Money Lender
Florida Hard Money Lender
Situation:

­Asset Based Lending recently funded a fix and flip loan for a repeat borrower Pensacola Florida. Unfortunately, this borrower had a negative experience with another lender which led them to contact ABL with the goal of a fast closing. They purchased a 4-family property where three out of four of the units were tenant occupied and in good condition. The borrower’s intention is to renovate one of the units and increase the rent for each over the course of three months. For the renovations this investor is only looking to update the kitchen with new stainless-steel appliances, refinish the bathrooms, and install new flooring. The borrower is expecting the renovations to take at least four months, at which time they will refinance and hold the property as a rental to collect monthly cashflow.

Pensacola Real Estate Investing
FL Fix and Flip Loan
Pensacola Fix and Flip Loan
Florida Fix and Flip