Hard Money Fix and Flip Loan in Baltimore, MD
Address: Baltimore, MD
Borrower Profile: Experienced Investor
Purchase Price: $166,000
Renovation Budget: $70,000
Loan Amount: $109,000
Cash Available for Purchase: $39,000
Cash Available for Renovation: $70,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $322,000
Situation:
This experienced investor snagged this two-story, two-bedroom, two-bath Baltimore townhouse for only $109,000 – and with a $70,000 investment in renovations, he’s going to flip it for $322,000. Once he ensures that the HVAC, plumbing, and electrical are up to speed and the structure is sound, he’ll spruce up the home with new tile in the bathrooms, hardwood floors in the living and dining rooms, and classic granite countertops. We are confident that this fix and flip will be a resounding success!
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