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Hard Money Fix and Flip Loan in Watertown, CT

Address: Watertown, CT
Work Description: Fix and Flip - Single Family
Purchase Price: $134,050
Renovation Budget: $90,000
Loan Amount: $179,000
Cash Available for Purchase: $89,000
Cash Available for Renovation: $90,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $302,000
Connecticut hard money lender

Situation:

These flippers are keeping it in the family; one of the borrowers will manage the project, his wife and co-borrower will take care of accounting, his father will be the general contractor, and his mother is a real estate agent who found and will sell the property. The couple did one other flip in the past year and will continue to grow their investing experience with this Connecticut 4 bed, 2.5 bath. The property requires significant work and permits for construction, electric, and plumbing, but all their efforts will pay off with an estimated after repair value of $302k.

Connecticut hard money lender
Fix and flip hard money loans
Hard money lender in CT
Connecticut hard money lender