Hard Money Loan For Fix And Flip In Easton CT
Address: Easton, CT
Purchase Price: $516,000
Renovation Budget: $83,800
Loan Amount: $325,000
Cash Available for Purchase: $241,200
Cash Available for Renovation: $83,800
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $705,000
Situation:
This experienced buy rehab and rent investor met ABL at a real estate investors meetup in Connecticut, and decided to use us for her first fix and flip deal. The property is a 4 bedroom 2 bathroom, 4,000 square foot single family REO that has been vacant for 2 years. The scope of work for renovations includes cleaning up the exterior landscaping, refinishing the floors, fixing drywall, updating the bathrooms, and minor plumbing system work.
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