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Hard Money Fix and Flip Loan in Meriden, Connecticut

Address: Meriden, CT
Borrower Profile: Experienced Investor
Purchase Price: $120,000
Renovation Budget: $20,000
Loan Amount: $113,000
Cash Available for Purchase: $93,000
Cash Available for Renovation: $20,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $175,000
Meriden CT fix and flip loan

Situation:

The future residents of this three-story Connecticut property will be thrilled with their brand new bathrooms, pantries, and kitchens after our borrower demos and replaces them. He and his wife will be working together to change this cramped 3-family property to a desirable 2-family rental property. On our previous projects with this borrower, we were highly impressed by his work and are expecting great things from his latest endeavor, as well.

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