201-942-9089 [email protected]

Hard Money Fix and Flip Loan in Newark, DE

Address: Newark, DE
Borrower Profile: Experienced Investor
Work Description: Fix and Flip - Single Family
Purchase Price: $132,000
Renovation Budget: $30,650
Loan Amount: $136,000
Cash Available for Purchase: $106,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $210,000
Delaware hard money lender

Situation:

Although this investor lives in California, her Delaware contacts keep her updated when great investment opportunities like this $132k ranch come on the market. With the help of a project manager, she plans to install gas heating, remove the fireplace, upgrade the HVAC and electric, add a full bath, gut the kitchen and bath, and add granite finishes and luxury vinyl tile floorings – all within 10 weeks. As a licensed contractor herself, this investor knows her stuff; we look forward to watching this repeat borrower pull off yet another professional, efficient Delaware flip and bring this outdated ranch up to speed with its neighbors.

Hard money loans for investors
Fix and flip hard money lender
Delaware hard money lender