201-942-9089 [email protected]

Lindenhurst NY Fix And Flip Hard Money Loan

Address: Lindenhurst, NY
Borrower Profile: First Time Investor
Purchase Price: $257,000
Renovation Budget: $35,000
Loan Amount: $240,000
Cash Available for Purchase: $205,000
Cash Available for Renovation: $35,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $410,000
NY Hard money lender
fix and flip loans in NY

Situation:

ABL recently funded a hard money fix and flip loan for a first-time real estate investor that had just finished a popular investor training course. The scope of work for the rehab to this 5-bed 3-bathroom 2,500 square foot single family house is mostly cosmetic. The exterior rehab includes powerwashing, landscaping, and updating the driveway. Internally, the borrower will repair damaged areas, replace the flooring throughout, and update the major appliances.

hard money loans in new york
hard money fix and flip lender
private lender in new york