Fix And Flip Hard Money Loan In Jacksonville Florida
Address: Jacksonville, FL
Borrower Profile: Experienced Investor & Builder
Purchase Price: $140,000
Renovation Budget: $40,000
Loan Amount: $135,200
Cash Available for Purchase: $95,200
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $208,000
Situation:
ABL recently funded a hard money fix and flip loan for for an experienced investor and general contractor in Jacksonville, Florida. The borrower owns his own construction company that will be handling the renovations that include roof and siding repair, new paint throughout, minor electrical and plumbing work, as well as updated kitchens and bathrooms.
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