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Hard Money Fix and Flip Loan in Ocala, FL

Address: Ocala, FL
Borrower Profile: Repeat Borrower
Work Description: Fix and Flip - Single Family
Purchase Price: $57,000
Renovation Budget: $25,000
Loan Amount: $62,000
Cash Available for Purchase: $37,000
Cash Available for Renovation: $25,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $135,000
Florida hard money lender

Situation:

The most intense work this fix and flip project requires is a roof repair and a new central AC unit; beyond that, a paint job, some flooring replacements, and upgrades to the kitchen and bathrooms should do the trick. After this investor is finished with rehab, this property will be a modern, clean, and affordable three-bedroom home for a lucky Florida family. Asset Based Lending is glad to have this repeat borrower back for another hard money loan!

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