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Hard Money Fix And Flip Loan In Lanham Maryland

Address: Lanham, MD
Borrower Profile: First Time Investor
Work Description: Fix and Flip - Single Family
Purchase Price: $180,000
Renovation Budget: $60,000
Loan Amount: $204,000
Cash Available for Purchase: $144,000
Cash Available for Renovation: $60,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $347,000
Maryland hard money lender

Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a first time investor in Maryland. The project is a purchase and renovation of a 1,148 square foot single family home with 3 bathrooms. The rehab includes adding a bedroom to make it 4 beds and 3 baths, while completely overhauling all three bathrooms as well as the kitchen and remainder of the interior.

Fix and flip loans in Maryland
Hard money fix and flip loan in Maryland
Hard money lender in Maryland
Maryland hard money loans