Situation:

With this fix and flip project, our borrower will add three new rental units to his 20-apartment rental portfolio in Bristol. Before it’s ready for new tenants, he needs to clean up the unfinished basement, fix warped floors on the first floor, and install brand new kitchens and baths – plus add the decorative touches like new doors, moldings, and windows that convince potential renters to sign on the dotted line. We are confident that he will use his $60,000 renovation budget to transform this property into apartments that any renter will love.