Fix And Flip Hard Money Loan In Enfield, CT
Address: Enfield, CT
Purchase Price: $105,000
Renovation Budget: $32,000
Loan Amount: $116,000
Cash Available for Purchase: $84,000
Cash Available for Renovation: $32,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $190,000
Situation:
Asset Based Lending recently funded a $116,000 hard money fix and flip loan for a real estate investor that found us on Instagram. One of the partners in this deal is a full time real estate investor and contractor, while the other is a professor. The scope of work for renovations of this single family home in Hartford County includes gutting the bathrooms, updating the painting and flooring throughout, and installing a new roof and siding.
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