Wallingford, CT Fix And Flip Hard Money Loan
Address: Wallingford, CT
Purchase Price: $180,000
Renovation Budget: $40,000
Loan Amount: $165,000
Cash Available for Purchase: $130,000
Cash Available for Renovation: $35,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $275,000
Situation:
Asset Based Lending recently funded a fix and flip hard money loan for an investor in Wallingford, Connecticut. The borrower found this property on the MLS, and immediately saw the potential. The scope of work for this fix and flip project includes converting the art studio to a large master suite, adding a laundry room, gutting the kitchen, updating the hardwood floors throughout, and refinishing some of the siding and trim.
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