Fix And Flip Loan In Brentwood NY Funded By Hard Money Lender

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Address: Brentwood, NY

Purchase Price: $190,000

Renovation Budget: $50,000

Loan Amount: $192,000

Cash Available for Purchase: $142,000

Cash Available for Renovation: $50,000

Loan Structure: 12 Months Interest Only

Loan Purpose: Fix And Flip Loan

ARV: $370,000

Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a purchase and rehab project in Brentwood, New York. The $50,000 scope of work for renovations includes updating the kitchen and bathrooms, repairing the fireplace, and updating the paint and floors throughout. We can’t wait to see what this experienced fix and flip investor and repeat borrower does with this deal!