Situation:

These borrowers have been friends for over 10 years and one of the partners has completed a successful fix and flip project before. The Colonial-style property has 3 bedrooms, 1 ½ baths, and a classic wood-burning fireplace. With this investment, they will focus on increasing the home’s curb appeal and HVAC, plus upgrading the kitchens and bathrooms and converting the home to a 3 bedroom, 3 bath. Our appraisers estimate the finished home will be worth over $600k!