Fix And Flip Loan In Farmingville New York
Address: Farmingville, NY
Purchase Price: $249,000
Renovation Budget: $92,000
Loan Amount: $281,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $440,000
Situation:
Our investors are in for a lot of work with this property! ABL just recently funded a $281,000 hard money fix and flip loan for the total renovation of a property in Farmingville NY. This four bedroom, three-and-a-half-bathroom home is in dire need of a new kitchen and a complete gut renovation of three bathrooms. The home needs new flooring throughout, and possibly a new roof! Besides cosmetic upgrades, a few pipes to be replaced and a new boiler system needs to be installed. We can’t wait to see how this property turns out!
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