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Baldwin New York Fix & Flip Loan

Address: Baldwin, NY
Borrower Profile: First time flipper
Purchase Price: $205,000
Renovation Budget: $66,000
Loan Amount: $230,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $365,000
Recently funded hard money loan in Baldwin NY

Situation:

After completing a popular real estate investing educational program, these first time flippers sought Asset Based Lending to fund their fix and flip project in Baldwin New York. The 1,200 square foot property was purchased through a wholesaler and is located just a short distance from the borrower’s home, which will allow for constant supervision. The scope of work includes adding an additional bathroom upstairs, removing an old oil tank, and renovating the flooring throughout.

Bathroom before fix and flip funded by hard money lender in NY
Kitchen before renovations funded by ny hard money lender
Dining room before rehab funded by NY private hard money lender
Private hard money lender in Baldwin NY