Norwalk, CT Fix & Flip
Address: Norwalk, CT
Purchase Price: $350,000
Renovation Budget: $50,000
Loan Amount: $330,000
Loan Structure: 12 months interest only
Loan Purpose: Purchase And Rehabilitation
ARV: $520,000
Situation:
This investor team found ABL through a broker referral and contacted us in order to secure funding for their fix and flip project in Norwalk CT. The single family home had a recently renovated kitchen, and one of the borrowers was a licensed contractor who would be responsible for the project’s rehab. The strategy was to complete the renovations in one to two months and then sell the property.
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