Hard Money Fix and Flip Loan in Freeport, NY
Address: Freeport, NY
Borrower Profile: Experienced Investor
Purchase Price: $138,500
Renovation Budget: $40,000
Loan Amount: $150,000
Cash Available for Purchase: $110,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $280,000
Situation:
This two-bedroom Colonial has a lot of potential, and this investor is going to take advantage of that by modernizing the property. He’s going to start strong with a makeover of the exterior; the plan is to replace the roof shingles, install new vinyl siding and window shutters, and replace the doors and gutters. Inside, he’s going to completely demo the kitchen and bath and upgrade them with natural stone, a new kitchen island, and a tub-shower combo. We can’t wait to see how this fix and flip project turns out!
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