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

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Address: Freeport, NY

Borrower Profile: Experienced Investor

Purchase Price: $211,000

Renovation Budget: $90,000

Loan Amount: $255,000

Cash Available for Purchase: $165,000

Cash Available for Renovation: $90,000

Loan Structure: 12 Months Interest Only

Loan Purpose: Fix And Flip Loan

ARV: $400,000

Situation:

This repeat borrower came back to Asset Based Lending for a hard money loan to fund the purchase and rehab of a single family home in Nassau County NY. This fix and flip has a $90,000 renovation budget, and we can’t wait to see what this experienced investor does with this total gut rehab!