Fix And Flip Loan In Yorktown Heights By Hard Money Lender
Address: Yorktown Heights, NY
Purchase Price: $225,000
Renovation Budget: $84,000
Loan Amount: $247,000
Cash Available for Purchase: $163,000
Cash Available for Renovation: $84,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $380,000
Situation:
Asset Based Lending recently funded a hard money loan for a fix and flip project in Yorktown Heights, NY. This Fortune Builders trained real estate investor found ABL through an online investors website, and came to us seeking a purchase and rehab loan for a 1200 square foot single family property. The scope of work for renovations included opening up the floor plan and increasing the size of the master bedroom, in addition to cosmetic upgrades throughout.
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