Fairfield CT Fix And Flip Funded By Hard Money Lender
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.
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