Fort Lauderdale Florida Fix And Flip Hard Money Loan
Address: Fort Lauderdale, FL
Purchase Price: $83,000
Renovation Budget: $35,000
Loan Amount: $100,000
Cash Available for Purchase: $65,000
Cash Available for Renovation: $35,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $155,000
Situation:
Asset Based Lending recently funded a fix and flip hard money loan for a pair of real estate investors in Fort Lauderdale, Florida. Some of the property was damaged in a fire, so the experienced investors will use their expertise to renovate the impacted interior while leaving the walls, windows, and roof in place. The plan for the finished product to to rent it out or sell to another investor.
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