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Fix And Flip Hard Money Loan In Queens NY

Address: Queens, NY
Borrower Profile: Real Estate Professional
Purchase Price: $385,000
Renovation Budget: $50,000
Loan Amount: $365,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $550,000
Queens NY recently funded hard money loan
Private hard money loan in Queens New York

Situation:

This experienced investor has always funded deals with his own equity, but decided to use Asset Based Lending’s hard money loans as a source of leverage to fund additional investments. Rehab will be managed by the borrower’s brother, who is a licensed general contractor. The scope of work includes renovating the kitchen, bathroom, siding, driveway, floors, and re-painting the entire property.

Private lender funded fix and flip in NY
Fix and flip funded by hard money lender in NY
NY fix and flip funded by hard money lender