Fairfield CT Fix And Flip Funded By Hard Money Lender

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Address: Fairfield, CT

Borrower Profile: Repeat Borrower

Purchase Price: $242,000

Renovation Budget: $28,000

Loan Amount: $220,000

Cash Available for Purchase: $192,000

Cash Available for Renovation: $28,000

Loan Structure: 12 Months Interest Only

Loan Purpose: Fix And Flip Loan

ARV: $340,000

Situation:

Asset Based Lending is glad to have this repeat borrower back for his second investment property with us. This deal is a hard money loan for a fix and flip project in Fairfield, CT. The scope of work for renovations of this 1132 square foot single family property includes gutting the kitchen and bathrooms, replacing flooring, and updating the walls throughout.