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Hard Money Lender Funded Fix And Flip Loan In Yonkers NY

Address: Yonkers, NY
Borrower Profile: Experienced Investor
Purchase Price: $425,000
Renovation Budget: $200,000
Loan Amount: $520,000
Cash Available for Purchase: $320,000
Cash Available for Renovation: $200,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $925,000
Hard money lender in New York

Situation:

Asset Based Lending recently funded a hard money fix and flip loan for an experienced investor in Yonkers, New York. The investor is embarking on a gut renovation of this 7-unit property, with the finished property consisting of (6) 2 bedroom apartments, and (1) 3 bedroom unit. Having completed similar gut rehabs in the area before, we can’t wait to see this real estate investor is able to do with this one!

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