Hard Money Fix and Flip Loan in Seaford, New York
Address: Seaford, NY
Borrower Profile: Experienced Investor
Purchase Price: $301,000
Renovation Budget: $40,000
Loan Amount: $280,000
Cash Available for Purchase: $240,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $440,000
Situation:
This fix and flip property needs some work! Not a major rehab though, all our investor really needs to do is clean, spruce things up, and update the electric, plumbing, and appliances! He’s going to make a lot of cosmetic renovations with his $40,000 rehab budget, replacing the kitchen cabinets, countertops, and backsplash, installing new carpet in the basement, and adding a deck. He’s done a similar project before, so we are sure that he will flip this house in no time. We can’t wait to see the result of his hard work!
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